the year. Foreign purchasing power was greatly contracted by the impact of trade war affecting the sales volume while the falling price of raw materials in global market and intensive competition among

Competition 1.1 Electricity industry and Economic situation in Thailand In 2018, Thailand’s peak demand in Electricity Generating Authority of Thailand (EGAT)’s system was 28,338 megawatts, occurred on April 24

front, the lower employment rate and high household debt causing most of the financial institutions to offload their NPLs and NPAs for asset management companies (AMCs) to manage further. The competition

cost as the company had purchased raw water from private source as well as the rising of depreciation and amortization by 8.49 million Baht from the amortized assets under concession agreements. Major

previous year by Baht 51 Million or 8.7 percent which aligned with the rising of the average ridership at 23,300 trips/day. Cost of Rail business consisted of costs of fare box, cost for supplying O&M

1,930.00 million Baht, increased by 330.00 million Baht from the end of the year 2016 due to the rising in short-term loans from financial institutions to pay dividends and project construction. - Long term

line with the rising of the average ridership at 22,000 trips/day. Cost of Rail business consisted of costs of farebox, O&M cost and amortization of intangible asset under the MRT Blue Line Project which

mix and 2017 carry over benefit of $700K from Japan perpetual license deal. Corrective actions and controls are in place to mitigate rising labor costs and improve forecasting and purchasing practices

environment higher food costs, changing product mix and 2017 carry over benefit of $700K from Japan perpetual license deal. Corrective actions and controls are in place to mitigate rising labor costs and

recent months. Prices on average have seen a decline but towards the end of the Q4 that trend had reversed and at key domestic customers prices have been rising. The impact of the weak US dollar is