for obsolete and decline in value of inventories of THB 5.99 million. Decrease in property, plant, and equipment for THB 444.48 million, mainly due to reclassifying PPE to right–of-use assets under TFRS

/2024, the Company’s credit card revenue was 1,794 million baht, a decrease of 9.8% from the previous year, accounting for 36% of total revenues due to contraction of credit card receivable from the

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

after a decline during the end of 2017. With the economic expansions for the first half of 2018 growing at a faster rate than expected at 4.8%, the Bank in-house research has revised the Thai economic

rates, and thereby reliably serve our customers, due to our supply chain resilience. Advantaged Portfolio IVL’s 16 integrated business verticals have strong linkages and provide support to one another. We

the second half of the year. However, government expenditure was slightly decline as well as the contraction on agricultural and construction sector. The Thai economy in 2018 is expected to expand more

revenue to the Company in 1Q19, 35% drop from 1Q18 due mainly to the reduce of revenue from construction service. Page 6 of 7 Management Discussion and Analysis 1Q2019 Revenue from sales of goods Revenue

the COVID-19 pandemic continues to affect private consumption and domestic tourism sector continued to decline. As of May 31, 2021, the Company’s total cards reached 9.25 million cards, including 2.98

was 11.80 percent lower from the decline of sales revenue since the 1st quarter under the Coronavirus Outbreak (COVID-19) which resulted in the company had income from the export and domestic sales

decline in farm income both in terms of agricultural prices and production. Private investment also expanded by investment in machinery and equipment in line with the import of capital goods which partly