. The downside was mainly stemmed from the impact of export contraction affected by the global economic slowdown, prolonged US-China trade tension and the Baht appreciation. As for economic outlook in

accelerate their business transformation. Thailand’s economic growth was subdued. Shrinking export growth led to higher unemployment and slower private investment growth, while private consumption was

prevention technologies 4. Revenue from trading, service and export sales Revenue from trading, service and export sales consists of revenue from trading business, revenue from provision of various services

counterfeit prevention technologies 4. Revenue from trading, service and export sales Revenue from trading, service and export sales consists of revenue from trading business, revenue from provision of various

. Revenue from trading, service and export sales Revenue from trading, service and export sales consists of revenue from trading business, revenue from provision of various services such as customized

percent, driven mainly by a favorable growth of the global economy which positively impacts on export sector, an acceleration of public investment along with the progress of key investment projects and

export destinations and almost all product segments. This was, to some degree, a result of a firmer economic recovery in Thailand’s major trading partners. In addition, a better-than-expected performance

/18 Q2/18 Domestic : Export Domestic Export หน้า 5 ตน้ทนุขาย ไตรมาส 2/2561 บริษัทฯ และบริษัทย่อยมีตน้ทุนขายรวม 998 ลา้นบาท โดยมีอัตราส่วนตน้ทุนขายต่อยอดขายเท่ากับ 75.2% เพิม่ขึน้จาก 72.4% ในไตรมาส 2

, which was adjusted upward from the 4.3%, due to the stronger growth during 1H/2018. The key drivers were the export and tourism, whereby the local expenditure was driven by household consumption and

and according to target. In 2019, Thai economy has decelerated with GDP reported at 2.4% decreased from 4.1% in 2018 as a result of declining in export growth and Baht appreciation. The world-trade