showed a slow recovery reflecting a mixed trend in the indicators. On one side, a strong growth driver came from increasing tourist arrivals and lower inflation rates attributed to government subsidies

categories, boosting manufacturing production. Private investment indicators also signified growth, particularly in machinery and equipment. Nevertheless, public spending declined mainly from the contraction

contraction of the Thai economy. The economic growth inclined to be slower than forecasted which was mainly due to the trade tensions and the weakening of economy worldwide. Particularly, the export sector has

growth and included the sales of tooling to VinFast in Q1 2019, and higher interest income from loan to SGAH. Cost of sales and services decreased year-on-year as a result of lower car sales. As a

overseas customer and management’s effort to diversify into more higher value product range led to higher revenues. Thailand operations were very strong; recording 22.4% growth year-on-year. Portugal

+20.3% Export 296,827 313,576 -5.3% 858,787 849,982 +1.0% For the 3rd quarter of 2018, total vehicle production volume reported a 3.9% growth compared to last year, driven by strong domestic demands

Analysis for the 3rd quarter of year 2022 2 in revenue was higher than the industry growth (in terms of production volume) of 34.5% for the following reasons: 1) Automotive Parts Business; Higher volume from

products as well as growth from some exiting products. Domestic branded was quite maintained.  Net profit in Q1/2018 was Baht 9 million, a decrease of 92% YoY due to 1) lower sales contribution of export

noteworthy that our revenue growth outperformed the industry growth in terms of production volume which declined 6.0% due to the following reasons: 1) Automotive Parts Business; Higher order, new product

by growth in automotive parts segments in Thailand and tooling sales from overseas customers. The car dealerships sales dropped by 3.1%, due to lower car sales of Thailand dealership and even though