. Besides, part of the operating expenses is fixed costs, although revenue will decrease. Therefore, the decreased rate of profit was higher than the decreased rate of total revenue. Topic Annual Balance

be covered the operating expenses, especially fixed expenses. As the result, the change in the profit of Q3–2020 was higher than the change in revenue. -2- Operating Results and Capabilities to Make

% compared with the same period last year. Significant drop in revenues mainly changing business model to franchise model to reduce burden fixed cost. Due to highly competitive with many players, pricing

5.84 40.07 Total Equity 13.07 24.80 24.91 Total Revenue 12.01 11.98 5.91 Net Profit 8.89* 2.72 (0.11) Remark: *IGEN-ENERGY booked profit from debt discharge amounting 9.61 million. 8. Expected benefit to

, increased by 1.67 million baht from the same period of last year. The increased mainly came from loss on fixed assets sold in the amount of 1.00 million baht. There were also an increased from other expenses

4% in March to May. Moreover, in 2019 there was loss in disposal of fixed assets while there is no such expense in this quarter. 3. Finance costs Finance cost for the 3-month and 6-month period ended

expenses For the three-month period ended 30 June 2020, the Company has one-time expenses, which are • Write off withholding tax and write off fixed asset 1.4 THB mm • Reserve potential loss from litigation

Equity Absolute Return Fund Not for Retail Investors (K-ART), which aims to achieve positive returns in any market situation and focuses mainly on investment units in America, among other countries. Along

fixed sugar price scheme for domestic sugar consumption and introducing floating price as per world market movement, effectively on 15 January 2018, but also the Excise Tax scheme effectively on 16

(%) 0.2 5.0 Return on Fixed Assets (%) 9.5 38.1 Asset Turnover (Time) 0.5 0.5 Leverage Ratio Debt to Equity (Time) 1.0 0.8 Interest Coverage Ratio (Time) 1.5 3.7 24 ASIA’S BOUTIQUE AIRLINE Glossary