derived from the inventory which accounts for 79% of the income recognized in Q3. The gross profit margin is thus lower than 30%. However, the Company is able to control the expenses on sale (excluding

-30.58% Net profit attributable to equity holders margin (Exclude other expenses)* (%) 4.67% 7.32% * Other expenses included loss on change in status of investment, doubtful accounts and loss on impairment

, however, it would be restrained by non-farm household income given signs of moderation in earnings, and lower consumer confidence among low-income households due to elevated household debt. Bank of Thailand

by Baht 8 .39 million; this mainly comes from 1 .The group recovered bad debt in 2017 of Baht 3.62 million which leads to expense decreasing in 2017. However, there is no recovered bad debt in 2018. 2

line with the softened household spending as a result of lower income, unemployment situation, and weakening consumer confidence coupled with the already high household debt level. Private investment

to lower household income, sharp decline in employment, particularly in export-related manufacturing sectors, and high rate of household debt. Despite the government economic stimulus, the impact of

amounted to THB 3,787 million; with total liabilities of THB 3,376 million; and total equities of THB 9,708 million. In this regard, the company financial position remains strong with low debt- to-equity

% YoY. The rise in cost comes from the following factors. • Utility costs, a major component (accounts for approximately 30% of cost of rent and services) for shopping mall operations, increased from the

1,775.85 (49.08) (2.76) Accounts payable 88.56 149.37 (60.81) (40.71) Long-term loan 118.73 108.67 10.06 9.26 Other liabilities 39.86 34.53 5.33 15.44 Total liabilities 247.15 292.57 (45.42) (15.52) Total

during the year and also the collection of trade and other accounts receivable. Total liabilities As at 31 December 2017, the Group reported total liabilities at THB 83.1 million, decreased by THB 54.4