parallel to service station expansion, (3) market promotion expense, and (4) corporate image related expense. However, selling, general and administrative expenses decreased 29% QoQ, as per usual that every

2018, the company announced a partnership deal with German Football Club “Borussia Dortmund”. With Borussia Dortmund’s strong global brand presence, it will strengthen the Company’s brand image as well

announced a partnership deal with German Football Club “Borussia Dortmund”. With Borussia Dortmund’s strong global brand presence, it will strengthen the Company’s brand image as well as make the airline

_______________________________________________________________ Management Discussion and Analysis (MD&A) For the three-month period ended March 31, 2020 http://pdi.intranet/SiteDirectory/it/Image%20Gallery/image/logo2013.jpg 1 | Padaeng Industry Public Company

transaction 1. The Company will be recognized the profit in accounting from the disposal of assets that will help developing overall image of the financial statements since value of consideration of KMM is

use as working capital in business operations, expand markets and expand businesses by leaps and bounds. "The capital market is considered a source of long-term funding, creates a good image

expense, and (3) corporate image promotion expense. 5. Losses from crude and product oil hedging contract by THB 136 million due to crude oil price fluctuations in this quarter. 6. Gains from Foreign

profit are the followings: 1. Underwriting expense has risen by THB 78.74 million (19.83 %). However, this follows an increase in gross premiums written (sales) of THB 116.18 million (25.6%). Whereas sales

compared to the previous packaging size of a 330 ml. The new energy drink is not only expanding the customer base to younger generations, being a constructive factor to refresh the brand image of Carabao in

(27,835) - (27,835) 100 Gross Profit 48,521 32,045 16,476 192 Other Income 5,417 2,724 2,693 99 Profit before Expense 53,938 34,769 19,169 55.13 Sale Expense (5,681) (3,186) (2,495) 78.31 Administrative