year. Despite slowdown in revenue, AIS continued its 5G investment plan to strengthen leading position, resulting in a 3.4% YoY increase in cost of service. According to slowdown in marketing campaign

, due to decreased of sale volume resulting in a decrease in trade and other receivables, in addition the reverse from the allowance for doubtful debt, and decreased in inventories, but the main factor is

due to the increase in same-store sales growth that have begun to recover since Q1/2022, as a result of the improving COVID-19 situation resulting in more customers willing to dine-out for desserts. In

, resulting from the reserve of extra bonus expenses for employees, as well as the additional costs for employees working during New year holiday. 2022 vs 202112M • Selling Expenses in 2022 was THB 289 million

monetary policies of major developed economies move towards a tightening stance, resulting in less liquidity in global financial markets. Meanwhile, Thailand’s economic growth is also projected to slow down

Clean Power Phase 1 (IRPC-CP Phase 1): The revenue in Q2/2017 increased by 43% due to a major industrial customer resumed its normal operation from a maintenance in Q1/2017, resulting in Baht 62 million

the refinery business which recorded much higher production rate, and benefited from the narrower average DTD/DB spread, resulting in 8. 05 $/BBL of total GRM. Also from the higher average crude oil

affected company's results of operations include (i) coal price and gas price that continued to drop further from previous quarter resulting in lower costs of sales and (ii) COVID-19 pandemic. Based on our

the financial statements for the period ended 31 March 2019, the company is under the process of determining fair value for intangible assets resulting from the acquisition of the company. Therefore

, lower heavy crude exports from Venezuela after the US government imposed sanctions, resulting in a lower quantities of fuel oil export to Singapore. Management Discussion and Analysis of Business