exhibited a substantial increase in the past year due to the proportion of fully amortized bad debt portfolios increase last year. 2. Revenue from Contracts with Customers, mainly from Debt Collection

te m en t Unit : Million Baht 2018 2019 Change (+/-) Q4/18 Q3/19 Q4/19 Change (+/-) • There is no substantial change in cost of goods sold comparing between 2018 and 2019. The cost of goods sold is

transaction class under the Notification of the Capital Market Supervisory Board No. Tor Chor. 20/2551 Re: Rules for Entering into a Substantial Transaction Classified as an Acquisition or Disposal of Assets

same period of previous year. The main reasons for the substantial difference are as follows: • Costs of sales electricity and service for the three-month period ended June 30, 2019 was Baht 39.89

0.3x due to the substantial loan repayment. As a result, debt service coverage ratio improved. In respect of liquidity ratio, trade receivable day deteriorated from 70 days to 75 days yoy. This was

) respectively which were equivalent to the rate of net profit(loss) at (1.42) and (7.30) % of the total income of the Company respectively. The main factor which resulted in a substantial difference between the

25% yoy, respectively. The substantial increase in 9M’18 was mainly from the accounting expense stemming from the revised down of social security income of 4Q’17 for amount of THB 10.7 million. Without

and 1.58 % of the total income of the Company respectively. The main factor which resulted in a substantial difference between the net profit(loss) and the rate of net profit (loss) in the 3rd quarter

, representing a substantial increase of 68.7% Q-o-Q and 58.2% Y-o-Y. The strong performance was the result of better efficiency, revenue growth and effect of the Thai Baht depreciation, whereas the gross margin

ZMICO had a substantial increase in brokerage commission fee from both higher market trading volume and soaring market share from 1.88% in 2019 to 2.16% in this quarter. In addition, the strategies to