potential loss. From his conversation with the client recorded, he traded securities for the client several times a day and submitted the selling orders at the prices lower than or equal to the purchase

are excluded, the Company will have the revenue from selling immovable property for the three-month period of 2016 at Baht 65.05 million. 1.2 Other income Other income of the Company for the three-month

Logistics Public Co., Ltd. (“NCL” or ("the Company") slightly gained less revenue than the previous year around 1.49% due to poor overall economic situation at the beginning of the year. NCL tried to follow

remaining cash from operating activities. However, there was an increase in liabilities in respect of trade accounts creditors from purchase of raw materials. 2.3 Shareholders’ equity As at 31st March 2018

stood at Baht 810.54 million and Baht 677.43 million respectively. The increase in liabilities was from short-term loans from financial institutions and trade accounts creditors from more purchase of raw

amount was mostly due to higher average market fuel price 15 ASIA’S BOUTIQUE AIRLINE As at 31 March 2018, the Company has entered into a forward purchase contracts (fuel hedging) and has an obligation from

14 flights per week (March 2018) New Route  Chiang Mai – Hanoi 7 flights per week (March 2018) 2. The Company has signed the contract for the purchase of 4 additional ATR 72-600s at the Singapore

26 February 2020 At: ACC/HO 003/63 Re: Management Discussion and Analysis for the year ended 31 December 2019 To: President The Stock Exchange of Thailand Thailand’s economy grew more slowly than

company. Purchase of 80% of Universal Common Shares of Universal Worldwide Transportation Limited. Page 2 of 5 The Company must recognize revenue. Entering into the financial statements. As a result

Public Company Limited Management Discussion and Analysis Operating Results for the period as at 30 Jun 2018 Page 2 of 4 T.K.S. TECHNOLOGIES THB ‘000 Property, plant and equipment 678,347 Other intangible