needs, including those with higher data offerings, 5G packages, or content-bundling packages combining multiple services. This contributed to overall positive trajectory of industry ARPU. Additionally
up 56% Driven by positive internal and external outcomes LTM 2Q18 Core EPS THB 3.86 – up 61% YoY post 9.8% dilution from warrants exercise Net Operating D/E 0.45x, Core ROCE 15.8% on LTM 2Q18
positive following sovereign outlook in April 2020. On April 2, 2020, Fitch Ratings revised BBL’s ratings due to large-scale economic disruptions from the Covid-19 pandemic. Details of the Bank’s credit
maintains a strong balance sheet with ample liquidity to navigate through market fluctuations. We have consistently reduced our debt, resulting in a solid leverage position with a low Interest-Bearing Debt-to
Chinatown and Baan Dusit Thani. For the last quarter of 2019, the Company remains positive towards Food Business and Other Businesses as the new investments started to have revenue growth. The Company also
Ratchadamri Hotel Bangkok, ASAI Chinatown and Baan Dusit Thani. For the last quarter of 2019, the Company remains positive towards Food Business and Other Businesses as the new investments started to have
an existing plant. Source of Financial Capital As the group as no interest bearing debt and operating working capital is positive the groups funding is from the shareholders equity. Major Factors which
considered a positive factor that shall enable the Company's operating performance to grow continually in the future. 2019 was considered the year that the Company had a remarkable performance and achieved the
products that offer well-perceived quality at reasonable prices. We believed that the notable Carabao brand is well imprinted among targeted customers and the positive feedback in term of sales of both the
881 Website: www.aapico.com Management Discussion and Analysis for the year 2019 3 The positive impact on net profit on the other hand include an increase of sales and service income from the automotive