. Private consumption has tended to slow down due to lower income and employment rate, especially in the export sector. In addition, consumers' purchasing power is still affected by high household debt and

, The Group has partially increased its investment in Carnival Magic Project by approximately THB 1,128.82 million (as of 30 September 2019). This additional investment came from the issuance and offering

focuses on retail business as the main business under the concept of "The Power of Synergy", an important strategy to create the operating ecosystem generating a return for shareholders. In the past year

purchasing power of mid-to-low labor segment. Furthermore, the drought season also decreases incomes of agriculture workforces, and as a result, FSMART (or the “Company”)'s total usage amount decreased

revenue decreased because Xayaburi Hydroelectric Power Project is now close to project completion. Cost of construction services and sales of construction materials in Q1 2018 was Baht 6,801.03 million, a

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending June 30, 2019 The Thai economy faced increased headwinds in the second quarter

creditors, namely: 1. Notice demanding for payment of an electricity fee with late penalty according to the Electricity Power Purchase Agreement in the amount of THB 158,238,694.62 dated 9 October 2017. The

total usage amount was Bt10,337mn decreasing 0.8% YoY. However, the money transfer service increased continuously with average 30,553 transactions per day, increasing 17.6% YoY. As well as other services

the same quarter of the previous year by Baht 63 Million or 1.7 percent mainly from the Si Rat- Outer Ring Road Expressway (SOE) . Other income increased by Baht 60 million or 750 percent mainly from

the company's products are existing projects. There is also a matter of measures for housing loans that were officially adopted in April 2019. Causing the purchasing power and customers' purchasing