were opened during the second half year of 2019 and the 1st quarter 2020 and E-Commerce by 13.4%. • Gross profit margin increases from the same period of last year from 44.6% to 49.6%. According to the

that the Bank of Thailand’s monetary policy stance will remain accommodative in the period ahead and future policy rate increases will be gradual. Thai Banking Industry in 2018 In 2018, commercial banks

income included revaluation of available-for-sale securities as a result of the capital market volatility. Interest income was Baht 4,441 million, increased 17.2% from 1Q18 mainly from loan expansions

of the same last year. Because of The Company and subsidiaries have increase the unit right transfer to customer more the last year 39% its effect to special business tax and transfer fee increases

. The amount increases were mainly driven by the rise in personnel expenses, rental cost, cost of services to customers, cost of transportation, and maintenance cost. However, SG&A as a percentage of

year. Selling expense increased in line with higher sales volumes. Administrative expense increased mainly because of higher staff costs due to a higher headcount and annual salary increases. In addition

increased from THB 328.6 Mn in 2016 to THB 423.5 Mn in 2017 and increase of THB 94.9 Mn or 28.9%. This increase was mainly due to staff increases in middle management recruited to support the future business

. Administrative Expenses Administration costs increased from THB 310.9 Mn in 9M17 to THB 332.4 Mn in 9M18, an increase of THB 21.5 Mn or 6.9%. This increase was mainly due to staff increases to support the future

, 15.1% and 16.8% of total revenue during the two years respectively. This was an increase of THB 94.9 Mn or 28.9%. This increase was mainly due to staff increases in middle management recruited to support

or 6.9% and was mainly due to staff increases to support the future business expansion and higher accrued staff bonus. Finance Expenses For the 9 months ending 30 September 2017 and 2018, financial