export market in this year. GFPT Public Company Limited Management Discussion and Analysis for the Year 2018 Page 3 of 14 Feed Segment Revenue from feed segment in 2018 consisted of revenue from animal

THB 22.03 million, or 3.11% up from 2018. Revenue from processed foods segment in 2019 increased from higher selling price of processed foods for domestic market which improved by 9.90% comparing to

export market of 34 million baht, including 9.5 million baht decrease in government to government contract (G-G), comparing to same quarter of last year. o Moreover, sales of domestic market also declined

existing IVOG assets while minimizing any further unplanned shutdowns through operational excellence initiatives. Fibers IVL has restructured the Fibers segment into three market-oriented verticals: Mobility

THE THB 580BN CHINESE TRAVELERS’ MARKET THROUGH ONLINE MARKETING SOLUTIONS    VGI PUBLIC COMPANY LIMITED THE LAUNCH OF V-CLICK:  2) PAYMENT – ENABLING THE SMARTER MARKETING SOLUTIONS THROUGH THE

) partially offset by stronger C-Vitt and Calpis sales (+THB 173.1 million or 48.1% YoY to THB 533.1 million in Q3’18) (See Segment Performance section for more details). Beverages Segment Total revenues from

estate segment - 800.0 (800.0) (100.0%) Revenue from E-Commerce segment 0.1 3.1 (3.0) (96.8%) Revenue from real estate rental and service related segment - 5.7 (5.7) (100.0%) Revenue from trading of

2017 with improvements in NPLs for both the real estate segment and the hire purchase segment. Capital Market business comprises of brokerage business, investment banking business, investment business

targeted client segment while maintaining an effective risk management and credit monitoring and control. For Private Banking, the goal is to grow the business by capitalizing on capital market group’s

implementing its recycling growth strategy. Fibers IVL has restructured this segment into three market oriented verticals; Mobility, Hygiene and Lifestyle. Each vertical has a dedicated management team which is