seen in the final quarter of last year. Broadly speaking, the Thai economy may grow within a range of 3.2-3.9 percent in 2019, down from the growth of 4.1 percent in 2018. Improvement in domestic

) was at 17.21 Baht/kg, being less than 2Q/2018 by 3.57 Baht/kg or down 17%, which was the same direction as the soften in Malaysian crude palm oil price (CPO-MPOB) due to high inventory and Thailand

4,611,491 -45% Other current assets 3, 4, 7 499,430 565,995 -13% Total current assets 4,443,038 5,460,970 -23% Non-current assets Investments in subsidiaries 8 - - Advance payment for purchases of property

V3 27/02/63 0 V3 27/02/63 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in 2019 In 2019, the Thai economy grew by 2.4 percent year-on-year, down from

Offering) with the following details (a) offered the ratio of 3.89 existing shares to 1 newly issued shares at the offering price of THB 1 per share. Any fraction of shares shall be rounded down; (b) if

expense amount was slightly lower from the previous year Net Profit The Group reported a consolidated net profit of Bt2,014.9 million for FY2018, down from Bt2,544.5 million in 2017, attributed mainly to

increased revenue in this segment. 2. Revenue from air freight management for the year ending December 3 1 ,2 0 1 9 and December 3 1 ,2 0 1 8 was 813.05 million baht and 863.02 million baht, down 49.97

creditors for land and construction costs increase 857.10 million THB or 124.15%. The amount of down payment that is to be recognized increases 456.16 million THB or 197.10%. As a result of the above reasons

increases 1,814.03 million THB or 42.10% i.e. from 4,308.76 million THB to 6,122.79 million THB. 2. The amount of down payment of projects which the income would be recognized in the next year increased

machinery along with cutting down provision of financial support for Power Plant business. Consequently, the aforementioned disposition of 3 subsidiaries engaging in Power Plant Business, Auditor is of the