consumption expanded gradually, in line with the expansion of consumption expenditure on durable goods and greater consumer confidence, as well as improvements in farm income. Meanwhile, private investment

GFPT Public Company Limited Interim Management Discussion and Analysis for the 1st Quarter 2018 Page 1 of 11 Management Discussion and Analysis This interim MD&A report has been prepared based on the

Institutions Policy Committee announce to decrease the policy rate 0.25% per year from 1.50% per year to 1.25% per year that is the second time in 1 years after first decreased on August 2019. However investment

7.00 Baht/Kilogram) (Source: DIT, Ministry of Commerce). In 2019, CPO price was highly fluctuated up-down. The Company realized its stock loss of 44.00 million Baht from the recording NRV on 31 December

expected to operate in the mid of 2020 Due to on-going political unrest in Hong Kong, After You has responded to such conditions by postponing the first franchisee store that was expected to start operation

Period (Day) 58 58 66 CASH CYCLE (Day) 9 14 18 PROFITABILITY RATIO Gross Profit Margin (%) 8.57 7.82 10.37 Net Profit Margin (%) 4.61 3.56 5.94 Return on Equity (%) 6.03 5.01 8.05 EFFICIENCY RATIO Return

FPT’s fuel pipeline at Phayathai train Station, both principal and interest of Bt38.6 million, and the reversal of the provision of Bt29.4 million was due to the relocation of its pipeline at Bang Sue

GFPT Public Company Limited Interim Management Discussion and Analysis for the 2nd Quarter 2017 Page 1 of 13 Management Discussion and Analysis This interim MD&A report has been prepared based on the

and +0.5% QoQ. Customer perception is gradually improving after the launch of AIS NEXT G and differentiated offerings. In addition, a focus on profitable segments resulted in strong postpaid net

provision of Bt29.4 million was due to the relocation of FPT’s pipeline at Bang Sue train Station. The Net profit attributable to the Equity of the Company of Bt808.6 million, decreased by Bt70.5 million or