-related services. Operating expenses declined by 3.1 percent and the ratio of expense to operating income stood at 42.6 percent. At the end of March 2019, the Bank’s loans amounted to Baht 2,029,810 million

158,979 315,019 (156,040) (49.5) Other operating income 66,224 89,141 (22,917) (25.7) Total operating income 4,734,685 4,424,540 310,145 7.0 Other operating expenses Employee's expenses 1,401,991 1,378,748

operating expenses Employee's expenses 1,401,991 1,378,748 23,243 1.7 Directors’ remuneration 13,706 11,763 1,943 16.5 Premises and equipment expenses 329,253 272,695 56,558 20.7 Taxes and duties 98,466

) Total operating income 4,982,454 4,409,598 572,856 13.0 Other operating expenses Employee's expenses 1,439,971 1,303,510 136,461 10.5 Directors’ remuneration 12,111 12,156 (45) (0.4) Premises and

income 4,982,454 4,409,598 572,856 13.0 Other operating expenses Employee's expenses 1,439,971 1,303,510 136,461 10.5 Directors’ remuneration 12,111 12,156 (45) (0.4) Premises and equipment expenses

realized from now on. Although the economic slowdown this year caused a decrease in financial performance of MK Group, the Group was able to control both cost of sales and operating expenses at an

operating results of Krungthai ZMICO for the second quarter of 2020 and 2019 were as follows:- Unit : Million Baht 2020 2019 Net securities business income 375.86 250.06 Operating expenses (297.81) (262.61

the Company having fixed costs effecting the revenue. Selling expenses The Company booked selling expenses amounting to Baht 1.76 million and Baht 0.49 million for the three-month period ended March 31

having fixed costs effecting the revenue. Other Income The other income amounted to Baht 9.68 million and Baht 13.69 million in the year ended December 31, 2018 and the year ended December 31, 2019

effective in 2019. 2.2 The decrease gross profit margin in the remaining portion resulted from the Indirect costs, most of which are fixed costs, were not decreased in the same direction of Sales. Gross