determining the credit rating some for whom the rated entity or obligation is within their area of primary analytical responsibility and some of whom have other areas of primary analytical responsibility. 1.15

decreasing in earning from research fee by Baht 31.39 million, underwriting fee by Baht 20.75 million and increasing in earning from borrowing and lending fee by Baht 1.37 million. 3. The Consolidated and the

15.07% due mainly to an decreasing of interest income. Selling expenses The Company booked selling expenses amounting to Baht 3.85 million and Baht 4.38 million for the year ended December 31, 2017 and

29.41 million decreasing from last year 41.48%. 3) Selling expenses decreasing from last year amounting of Baht 3.66 million or 17.90% due to local transportation charge and local selling promotion

. Sales decrease factors: (D) The delisted of bakery business under brand "a smile" since June 2019 (E) Decreasing of ready to drink Green tea for export sale from an aggressive promotion from key

decreasing in selling price from 4th quarter of 2018 affect revenue from sales slightly increase in comparison to increasing in sales quantities. Even though selling price in second half of year 2019 was

Baht which had a Gross Profit Margin of 23.82%, decreasing from the same period of previous year which had a Gross Profit Margin of 25.42%. This decrease in Gross Profit Margin, Although the Company has

gross profit was 11.21 million Baht which had a gross profit margin of 28-69Yo, decreasing from the period of previous year which had a gross profit margin of 29.OOo/o. This decrease was mainly from

reasons for the decrease in revenue. Firstly, the intensity and complexity of cases in Trang comparing to the same period last year significantly reduced such as Dengue fever decreasing by 55% and Influenza

activities. In summary, EBITDA stood at Bt19,305mn, increasing 6.8% YoY but decreasing 8.7% QoQ, with 39% EBITDA margin. Net profit was Bt7,032mn, increasing 2.8% YoY but decreasing 19% QoQ due to the gain