established business bases. Investment of EGCO in each country is shown in Figure 3. In addition, EGCO has also been seeking for further investment opportunities in other target countries such as Vietnam

significantly by 222.5% YoY to THB 1,481mn, predominantly due to the consolidation of the acquired hotel business in Europe (Vienna House), the improving operating performance of our hotels in Thailand and the

12,547 12,416 Gross profit margin (%) 22.84% 25.49% 26.48% Consolidated financial ratios 2018 2017 2016 Financial data and profitability ratios (continuous) Operating expense (include Research and

2323 1085..96 Fax. 66 2323 9283 Management Discussion and Analysis (MD&A) Business operating results and financial position for the year 2018, in which the equity method is applied, of the Company could

the year. The Company has active billings of 3.44 million per month with active customers of 2.17 million, mainly from Bangkok 31%, and in up-country 69%. Details of each business can be described as

or 6.3% from 2016. Growth (y-o-y) Aviation Refuelling Services Business : Aviation Fuel Volume (mil litres) 5,747 5,657 1.6% Flights 287,701 279,266 3.0% Fuel Pipeline Transportation Business : Multi

%, and in up-country 69%. For overseas business in Cambodia, Myanmar and Laos, they have active customers more than 356,000 customers, increased by 16% from last year, and representing 13% of active

MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 MARCH 2018 SG&A expense against only 1.5mTHB consolidated EBITDA contribution, since the acquisition was completed only at the very end of the quarter

active billings of 3.22 million accounts per month with active customers of 2.13 million IDs, mainly from Bangkok 31%, and in up-country 69%. Details of each business can be described as follows: - Credit

million Baht; decreasing by 49% as compared to the same period last year of 2,132 million Baht. The details are as follows: I Property Business: the Company will be able to record the revenue from sales of