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

135.63 million baht which is decreased as 117.34 million baht, compared to the first quarter of 2019 amounted of 252.97 million baht or 46.38% decreased. In the first quarter of 2020, the domestic and

122.95 61.10 61.85 101.23% Net Profit 99.49 50.78 48.71 95.92% Basic Earnings per Share 0.52 0.25 0.27 95.92% Performance Report The epidemic of COVID-19 affects the supply and demand of both domestic and

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

. 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

the supply and demand of both domestic and foreign. The global and Thai economy are slowdown. The consumers have low purchasing power. Many automotive infrastructures stop their production, which leads

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

domestic tourists and earnings of Thai labor have declined while unemployment rate has been increasing. In addition, whilst private consumption shows some growth but limits in some areas; therefore

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

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