million baht or 37.11% of the sales of same period of 2018. Mainly resulted from an increase in sales from the product ‘Discs plough’ which was in the K. W. METAL WORK PUBLIC COMPANY LIMITED Head office 259

2019 Depreciation New estimated 2020 Depreciation Change Increase (Decrease) Building 35 45 10 Equipment & Machinery 748 359 (389) Total depreciation per year 783 404 (379) For consolidated financial

Baht 0.40 and 0.83 respectively. The decreased loss is due to the major transactions as follow: 1. The increase of net earned premium in this quarter compared to the same period of last year in the

12.94o/o. This decrease resulted from Baht appreciation against other currencies, therefore, the Company recognized lower revenue, profit and profit margin. The company are planning to boost domestic sales

support of the Thai capital market to strive forward as a regional financial connector, the SEC will increase capital market product variety, such as relaxing rules on investment of retail and accredited

implement or further enhance throughout the year, namely: (1) to increase the capital market?s role in developing the economy and strengthening Thailand?s leadership in the region; (2) to encourage growth

1H/ 2017, accounted for 22.85% increase due to the introduction of 9 new branches compared to the same period last year. The Group had other revenues of THB 5.61 million in 1H/ 2018 which increased

Website: www.aapico.com Management Discussion and Analysis for the year 2022 2 Total revenue increased by 34.7% year-on-year. Sales and service income increased by 35.0%, with 39.3% increase in automotive

while revenue from residential projects is expected to increase in 2H19 and accordingly with CPN’s business plan. In 2Q19, growth in the Thai economy decelerated primarily driven by a decline in export

demand, public policies, including those aiming to boost consumption and investment in transportation infrastructure, will support domestic demand. Nevertheless, downside risks to the growth of the Thai