of instruments while intermediaries and selling agents must have in place the procedure to ensure their clients? understanding of associated investment risks and returns before making investment

units of long-term equity fund (LTF) bought in 2013 in order to invest in another fund. After reviewing the LTF investment account of such client, {A} informed the client that selling LTF investment units

37.92% Selling expenses (19.40) (16.52) -14.85% Administrative expenses (34.27) (29.39) -14.24% Operating profit 15.77 49.86 216.17% Investment income - - - Net foreign exchange gain/(loss) 0.45 (0.80

MB. As the company has complied with efficiency management plan that help company reduce costs of sales and selling expenses. Please be informed. Yours Sincerely, Mr. Panya Boonyapiwat Chairman

profit 278.32 434.06 55.96% Selling expenses (70.95) (75.20) 5.99% Administrative expenses (144.64) (125.35) -13.34% Operating profit 62.73 233.51 272.25% Investment income 0.23 0.50 117.39% Net foreign

and continuously decreasing in selling price from 4th quarter of 2018 affect revenue from sales slightly increase in comparison to increasing in sales quantities. Even though selling price in 3nd

) (639.27) -10.08% Gross profit 434.06 351.45 -19.03% Selling expenses (75.20) (78.14) 3.91% Administrative expenses (125.35) (157.56) 25.70% Operating profit 233.51 115.75 -50.43% Investment income 0.50 1.75

% (4.38%) 2.2 Real estate 53.30% 38.67% 40.00% 14.63% 2.3 Total income 34.86% 37.85% 38.14% (2.99%) 3. Other income 5.85 2.60 3.03 3.25 125% 4. Selling expenses, administrative expenses and financial cost

3.99% Selling & Administrative Expenses 140.62 196.61 (55.99) (28.48%) Finance Cost 39.52 42.66 (3.14) (7.36%) EBT 165.92 (2.15) 168.06 7,819.16% Tax (24.83) 8.98 33.81 376.55% Total Comprehensive Income

were mainly due to an increase in revenues from sales of 15.61 percent which resulted to an increase in gross profit of Baht 30.17 million or increased by 18.06 percent; offset by an increase in selling