Microsoft Word - MD&A Y2019 - THAI revised.doc 1 ASIA’S BOUTIQUE AIRLINE คาํอธ ิบายผลการดาํเนินงานและการวเิคราะห์ฐานะทางการเงนิ สําหรับผลประกอบการปี 2562 สิน้สดุวนัท่ี 31 ธนัวาคม 2562 ของบริษัท การ

sales declined by 9.7% due to intense marketing competition led by strong Thai Baht. Domestic sales portion ended up at 24.9% and export sales at 75.1%. The Company reported gain from foreign exchange

causing exports to reduce from the previous year. The sale of goods to foreign countries has been affected by the continuous appreciation of the Thai baht. Domestic consumption remained stable. Although the

decreased by 40.92 million baht or equivalent to 12.88% compared to the same period of previous year. It caused by the slowdown of the Thai economy which affected to both domestic and outside the country

exports to reduce from the previous year. Furthermore, the sale of goods to foreign countries has been affected by the continuous appreciation of the Thai baht. Domestic consumption trend continues to

. Reasons were as follows; • Strategic focus in Thai White rice of domestic market and price adjustment, regarding to increasing in cost of goods. • Moreover, increase in sales volume from government contract

of the Thai baht and the intense competition which caused the exports to shrink from the previous year. Domestic consumption was also affected by high living expenses and household debt, as well as the

and we are seeing some volumes repatriated on the Thai market increasing domestic competition. Golden Lime Public Company Limited 4 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 30 JUNE 2019 3

is likely leaving its mark on the Thai economy. Private consumption growth moderated noticeably in Q1 while private investment fell, reflecting dampening domestic demand. Manufacturing output

V3 10/05/61 16:26 น. 0 V3 10/05/61 16:26 น. 1 Management Discussion and Analysis Overview of the Economy and Banking Thai Economy in the First Quarter of 2018 The Thai economy in the first quarter of