investment marks another important step for WHAUP utilities business expansion in CLMV, especially in Vietnam, as part of our long-term investment target. Moreover, it is also in line with our strategic plan
has no policy to overstock but to manage the inventory turnover efficiently. Beside this, The Company focused on managing the account receivable turnover especially debtor screening policy efficiently
liabilities decreased by Baht 29 million from Baht 876 million as at 31 December 2018 to Baht 847 million as at 30 June 2019. It was mainly because the repayment of short-term loans especially in Packing Credit
global economy. For domestic sector, private consumption and private investment also showed positive signs with private consumption recovering strongly in the durable goods segment (especially in vehicles
subsidiaries increase especially from debt collection business. Management Discussion and Analysis, Q2/2018 Page 3/3 Selling and Administrative Expenses The Company incurred expenses in sales and administrative
quarter of prior year by Baht 42.16 million or equivalent to 22.68%, generated by the previous branches/2 and new branches/3 especially the medical services increased by Baht 37.69 million (from the
economy. For domestic sector, private consumption and private investment also showed positive signs with private consumption recovering strongly in the durable goods segment (especially in vehicles) and
strengthening of Thai Baht currency had resulted in the loss from exchange rate, which slightly affect the overall net profit margins of all segments especially for the overseas subsidiaries. Halcyon Technology
Gain on exchange rate increased from prior year because of the increase in export sales of electronic parts, especially from USA. When Baht depreciated, the subsidiary gained from exchange rate (Selling