. However, cost of goods sales to revenue ratio decreased 50.43 % from previous year to 50.17 %. It came from the sales of low-cost merchandise which was in higher portion. Total cost of sales and

was increased from previous year 52.55% to 54.21%. It came from the sales of high cost goods with the increased portion and the sales promotion activities to clear existing goods in stock. Distribution

profit ratio toward sales revenue was decreased 48.01 % from previous year to 44.82%. It came from the sales of high cost goods with the higher portion and the sales promotion activities to clear existing

percent, due to decreases in other expenses and personnel expenses while premises and equipment expenses increased, mainly from technology investments. Portion of Operating Expenses Personnel expenses

% 6.0% 25.5% 20.2% 22.3% 50.5% 60.4% 47.7% Q2'20 Q1'20 Q2'19 Portion of Operating Expenses Personnel expenses (Including directors’ remuneration) Premises and equipment expenses Taxes and duties Other

included a decrease of Baht 1.6 billion in other expenses due predominantly to lower provisions for contingencies. Portion of Operating Expenses Personnel expenses (Including directors’ remuneration

Q3'16 18.9% 22.5% 7.0% 6.8% 21.0% 19.6% 53.1% 51.1% 9M'17 9M'16 Portion of Operating Expenses Personnel expenses (Including directors’ remuneration) Premises and equipment expenses Taxes and duties Other

higher uncertainty, especially from foreign countries. In addition, the MPC raised concerns over the Baht’s increasing strength compared with the currencies of trading partners and competitors saying

-up Capital after capital increase and UAC will be a major shareholder of UAPC at proportion of 63.75% of Total Paid-up Capital after capital increase. Since the decrease of holding portion in UAPC may

increased by Baht 451 million due mainly to the annual salary adjustment. Portion of Operating Expenses Personnel expenses (Including directors’ remuneration) Premises and equipment expenses Taxes and duties