products that offer well-perceived quality at reasonable prices. We believed that the notable Carabao brand is well imprinted among targeted customers and the positive feedback in term of sales of both the

,” and a discussion on “Notable Accounting Tips for SMEs.” Over 130 SME operators and executives and employees of the Department of Industrial Promotion attended the event, held at SEC Office

and within the established targets. Our net interest margin (NIM) equaled 3.43 percent – slightly higher than the preceding quarter. Our cost to income ratio rose marginally from the previous quarter to

, the growth in expenses was less pronounced than that of net total income. As a result, our cost to income ratio decreased to 41.07 percent compared to the previous quarter, which was still better than

STRATEGIC UPDATE IN 2019 2019 was marked by notable strategic developments for MACO. The company has successfully laid the foundation for growth in Malaysia and Indonesia, as well as expanded its footprint in

34.7% Sales and service income 7,792.1 5,770.0 2,022.0 35.0% Other income 86.0 78.8 7.1 9.0% Cost of sales and services 6,782.4 5,192.1 1,590.2 30.6% Gross Profit 1,009.7 577.9 431.8 74.7% Gross Profit

share equaled to 0.12 baht. 4 ASIA’S BOUTIQUE AIRLINE Notable Events Airline Business 1. The Company has revised flight frequencies due to passenger seasonal demand and has increased flight frequencies

ASIA’S BOUTIQUE AIRLINE Notable Events Airline Business 1. In 2019, the Company has revised flight frequencies due to passenger seasonal demand and has increased flight frequencies, operated new routes

considering the balance of three dimensions – economy, society and environment – under good corporate governance, appropriate risk management and effective cost management. Along with this, we have prioritized

higher selling price and higher sale volume in CNF incoterm, while lower unit sold and appreciation of Thai baht against US dollar. . Cost of goods sold and expenses Three-month (Thousands Baht) Change