volume from customers due to slower production and sales of pickup trucks in Thailand. China and Portugal Operation, on the other hand, recorded a strong growth of 26.8% and 13.7% year-on-year respectively

due to the expansion of our market share from acquiring new parts in passenger cars and pickup 1 ton; meanwhile, the automobile production in this quarter was contracted. Moreover, the sale volumes of

maintenance and higher fuel costs. We are confident that the operational improvements made will allow us to grow sustainably in the final quarter of 2017 and into 2018.” 2. Outlook With a pickup in global trade

decrease of 12.4%, reaching 180,739 units. This decline can be attributed to heightened stringency in the auto loan approval process, particularly concerning pickup trucks. This increased rigor is a response

in the pickup truck segment due to their rising credit costs. The delay in approval of the 2024 fiscal budget by several months also contributed to the slowdown in government spending, investment, and

of 3.7%. The revision reflects higher-than-expected growth momentum in several countries in the previous year and the continued pickup in global growth, specifically in Emerging Market and Developing

pickup in economic activities. If excluding loss from sale and revaluations of foreclosed assets, operating expenses for 1Q21 totaled Baht 2,223 million, declining by 2.1% comparing to 1Q20 mainly from the

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ended June 30, 2018 The Thai economy in the second quarter of 2018 gained further traction from the first quarter. The ongoing economic rebound was mainly driven by exports and tourism, whereas domestic spending and investment only gradually picked up. Still, the economy has yet to see strong across-the-board growth. The business sector remained challenged by new modes of competition...