of time and at a higher rate than other currencies in competing markets, especially China. Despite the increase in raw material price and the baht’s strengthening, the Company was capable to maintain a

history occupancy rate, rental rate and operation plan of the Company.   JAS Asset Management Discussion and Analysis for FS2017 Page3/4 Financial Cost The Company financial cost in 2017 was 53.6 million

value in financial statement was based on fair value from Income Approach which was apprised by Independent Appraiser. The Appraisal value is based on history occupancy rate, rental rate and operation

are as follows; Operating Performance 1. Revenues Unit: Million Baht In the overview of the year 2018, the Company had growth rate 1.82 percent of total revenue from furniture business. The mainly

the higher growth rate in every quarter since the golf club’s renovation in February 2018. For property management business, operated by Yours Property Management Co., Ltd.- one of Mk’s subsidiaries

% of total borrowings. To manage risk that might occur from the fluctuation in currency. The Company has entered cross currency interest rate swap contracts to hedge its debt. In addition, the Company

Margin (%) 13.0% 10.0% 2.9% SG&A expenses 406.0 438.5 -32.5 -7.4% Loss on exchange rate 237.0 31.0 206.0 664.8% EBIT before share of profit (loss) from investment in associates and joint venture 452.7

items due to the increases in costs and business volume. Interest expenses on debt issued and borrowings fell by Baht 962 million largely due to the maturity of debentures. Bangkok Bank Interest Rate May

depressions in farm income and high level of household debt while inflation remains at a low level. Other key risks that need to be monitored are the slowdown in global economy especially the Chinese economy

increase after a decline during the end of 2017. With the economic expansions for the first quarter of 2018 growing at a faster rate than expected at 4.8% together with positive signs of recovery across