-y) and 24.3% from the previous quarter (q-on-q), mainly from to 1) full contributions from the smooth operations of DT1&2, Phu Yen and Nam Che 1 which started commercial operation in June 2019, 2) 2.1

operating income ratio 22.7% 21.2% 21.2% 1.5% 1.5% 22.6% 22.2% 0.4% Cost to income ratio 41.9% 45.3% 43.5% (3.3)% (1.6)% 43.3% 42.1% 1.2% Return on average assets * 1.17% 1.19% 1.14% (0.02)% 0.03% 1.18% 1.16

operating results from GLOW, together with the investment projects and projects that have been opened for commercial operation in 2019. The company is ready to move forward with the new organizational

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utilization of ‚working capital‛ to cover the investment fund for website and software system development. 3) Using the number of ‚net cash flows from operating activities‛ which is the number audited by the

Management Discussion and Analysis For the Annual Operating Results 2017 Ended December 31, 2017 Note: This Management Discussion and Analysis (MD&A) was made to disclose information and the vision

Website: www.kiatnakin.co.th http://www.kiatnakin.co.th/ 2 Management Discussion and Analysis (MD&A) For the first quarter ended March 31, 2020 comparing operating performance and financial position for the

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the Vietnam market – the fastest growing country in Southeast Asia. Within the domestic market, MACO has strengthen its media portfolio by integrating media operations in Thailand with Plan B Media

. Results of Operations and Profitability Q3/2017 Sales Revenue The Company and its subsidiaries recorded sales revenue of Baht 1,500 million, a decrease of 15% YoY but an increase of 9% QoQ with details as