found a growth of new investor base and gradual change of investment behaviors. It also indicated that financial industry needs to offer more retirement products for increasing aging populations. In

percent. The new business from the acquisition in April 2018, Manufacture and sale of medicines, medical supplies and cosmetics segment represented Baht 82.6 million.  Cost of sales and service Cost of

Limited Management Discussion and Analysis 2019 Gross Profit 2019 Gross profit at THB 5,033m represented a significant increase of 55% from the same period last year. Essentially, the Company’s gross profit

follows: - Credit Card Credit card turnover in the fiscal year 2016 improved by 3% from last year and represented 54% of total turnovers. Revenues from credit card were 6,507 million baht, showing an

consolidated revenues from credit card were 1,738 million baht, a decrease of 129 million baht or 7% y-y, and represented 31% of total revenues. A drop in the revenue from credit card was attributable to the

2018, Manufacture and sale of medicines, medical supplies and cosmetics segment represented Baht 82.6 million.  Cost of sales and service Cost of sales and service amounted to Baht 1,207.6 million

2018, Manufacture and sale of medicines, medical supplies and cosmetics segment represented Baht 82.6 million.  Cost of sales and service Cost of sales and service amounted to Baht 1,207.6 million

revenue of THB 423.6mn. This represented a decrease of THB 1,039.0mn or 71.0% YoY. Of which, THB 366.4mn or 86.5% of the total revenue was revenue realization from sales of real estate (transfer ownership

consolidated revenues from credit card were 1,738 million baht, a decrease of 129 million baht or 7% y-y, and represented 31% of total revenues. A drop in the revenue from credit card was attributable to the

increase of 69 million baht or 6% y-y and represented 11% of total revenues. The increase was mainly from the continued growth of bad debt recovery that increased by 17% y-y caused by increased expedite the