, especially when it compared to the Q4–2018. This is because the gross margin in Q4–2018 was a relatively low. In addition, it had recorded the allowance for doubtful accounts for long outstanding receivables

6 6 ATR72-600 9 7 Total 38 34 5 ASIA’S BOUTIQUE AIRLINE Two additional ATR72-600 under financial lease were delivered in April and two additional Airbus A319s under operating lease were delivered in

targeted to grow in scale leveraging subscriber base of mobile segment. Enterprise and digital services will continue to drive user base momentum and expand partnership. Operational and financial target of

adopted Thai Financial Reporting Standards (TFRS) 15, Revenue from Contracts with Customers. The standard affects the accounting of handset campaigns which are contracted with price plans. Prior to 2019

39.71%. The gross profit margin for the year ended 31 December 2019 and 2018 was 41.13% and 36.68%, respectively. In addition, the Company has an outstanding backlog as of 31 December 2019 of THB 278.04

percent base on the net tangible asset basis, calculated from the latest audited consolidated 9-month financial statements ending 30 September 2017 of the Company, as such the highest transaction value of

registration of the asset lease is expected to be completed within the 4Q17. Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Consolidated Financial Results: 2Q17 Central

Osotspa Public Company Limited Management’s Discussion and Analysis (MD&A) Consolidated Financial Results: Q4’19 and FY2019 26 February 2020 FY2019 Management Discussion & Analysis Page 1/6 Financial

and will initially target 43mn AIS customers who have good credit with financial needs but may have limited access to loans from financial institutions. Our AIS Play, VDO service has added two new

global economy due to financial market tightening and macroeconomic headwinds which created contraction risks, especially for Thai export sectors. Nonetheless, private consumption showed a sign of