cost, higher online travel agency costs, and employee costs to support the expansion of hotel business. 1Q18 EBITDA margin was 25.5%, compared to 23.0% of the previous year. In 1Q18, depreciation and

quarter. However, the Thai economy is expected to grow continually from last year, thanks to the expansion of exports and tourism sectors as well as an increase in government consumption. In addition, the

investment in business expansion, and the cash flows in operating activities in the future to execute the Restaurant Franchise Business Acquisition Transaction, which shall in no way affect the Company’s

start to see an initial use of 5G, the 700MHz and 2600MHz spectrum, of which the licenses are applicable to both 4G and 5G, can also be deployed onto the current network in order to support the expansion

back expected +4-5% range. We expect the overall burnt and crude product market contraction in 2020 and expansion in 2021 to be in the same range. This being said, we do not expect further major

THB 114.6 Mn to THB 126.7 Mn respectively, an increase of THB 12.1 Mn or 10.6%. This increase was mainly due to (1) increased staff to support the expansion of branch for both the restaurants which the

the previous year due to continue an increase of export and private consumption, as well as an expansion of private investment. In addition, there were supporting factors from domestic demand from the

of employees to support the business expansion, pre-operation expenses as the result from the Group continuing expansion and new project development and expenses related to the bidding of the projects

margin in 2Q2023 was 6.10%, decreased from the gross profit margin of 37.11% in 2Q2022 due to the increase in employee-related costs to support the expansion of the team according to the number and scope

expansion. Total Liabilities As of 31 March 2018, total liabilities of the company and its subsidiaries stood at Baht 13,631 million, slightly up from those of 31 December 2017. Major change in liabilities is