million or -40.62% YoY. The main reason for the decline in user spending was the inflationary situation of the country's economy, causing the consumer purchasing power to decrease, together with the

million, decreased by THB 17.86 million or -6.50% YoY. This was due to the decline in average user spending on digital content services. The main reason for the decline in user spending was the economic

decreased as a result of the decline in retail and wholesale sales. Management Discussion & Analysis Q3/2023 2 I 10 Nevertheless, some channels had an increase in sale revenue which include (1) Commercial

bad debt and doubtful accounts, as well as the finance cost continued to decline. Details of expenses are shown as follows: - Operating and Administrative Expenses For the first half 2017, the

THB 325 million in correspondence to the group’s asset restructuring. Without this non-recurring gain, total revenue was THB 5,245 million, a 3.3% decrease from 2016. The decline was attributable to the

million or -37.88% YoY. This was due to the decline in average user spending on digital content services. Even though the average number of digital content users per month in 2022 was 6.07 million, up from

purchasing power of consumers in middle-low income levels decline from the economic slowdown. While the total revenue from the core business increased 0.7%QoQ, driven by higher usage amount of other services

decline in revenue from dessert café, which was attributed to the lower traffics in shopping malls and weaker consumption sentiment following COVID-19 concerns together with the closure of shopping malls

. In addition, a decline in demand for holding the Thai baht would reduce the effectiveness of monetary policy transmission in maintaining price stability. In the event of a liquidity crisis, the BOT

faded tourists and decline in new subscriber acquisition as a large number of telecom shops residing in shopping malls were mandated to close. While more people are working from home mostly started in the