by 17.4% in 1H 2024; one of the worst in the last several years excluding an extraordinary event during Covid epidemic. We expect the industry will improve gradually towards the end of the year from

-Equity ratio of 0.4 times. We expect the car industry in Thailand to improve gradually. Yours sincerely, (Mr. Yeap Swee Chuan) Chairman and President http://www.aapico.com/ http://www.aapico.com/

increase in sales revenue, as well as the decrease in cost per unit from the increase in production volumes resulting in economies of scale. In addition, the improve in Net profit Margin also came from the

due to startup impact from the acquisition of MEDCO in 4Q18 and is projected to improve to its historical level. The overall packaging industry is valued at around $1 trillion, growing at 5% p.a. This

refinery margin to shrink. In this quarter, even though the crude oil price situation continues to improve constantly from December 2018, the cost of a proportion of crude oil that was refined within this

), and the expansion of existing static billboards. Moreover, the advertising spending is expected to significantly improve in 2018, aiding by an ongoing healthy economic growth and positive momentum of

institutions to improve SAFARI Group’s financial structure. Such credit facilities covers refinancing of all SAFARI Group’s debt securities and additional investment in Carnival Magic Project. 4) SAFARI Group’s

in other expenses and premises and equipment expenses, as expenses to improve efficiency of business operations and marketing expenses were high in the previous quarter. Compared with the first quarter

Plan In 2020, total revenue is expected to grow approximately 8% YoY In 2020, overall gross profit margin should improve based on the outlined plan In 2020, the SG&A expense to total revenue ratio should

the fundamental shifts in the industry. Higher coal and secondary raw material prices, namely acetic acid and caustic soda, negatively impacted our cost of production. As PTA spreads continue to improve