increases by 5% every 5 years since May 2015), full quarter consolidation of COMASS by MACO. Cost-to-sales ratio, however, decreased from 42.8% to 39.4% primarily as a result of higher sales, improved

of MACO. Cost-to-sales ratio, however, decreased from 41.6% to 39.0% primarily due to sales growth outpaced cost growth, improved operational efficiency and cost management especially in the Outdoor

loss on exchange rates from foreign-currency loan and interest expenses of Dusit Fudu Hotel Management (Shanghai) Company Limited in China even though the hotel operational performance has been improved

compliance and giving advice on how to improve the internal control system. For operational independence, the department is subjected to direct reporting to the Audit Committee. See details in the Audit

supervision in segments other than car title loan. KBank has improved policies, processes, and operational systems to accommodate and comply with relevant regulations, as well as will closely monitoring on new

operational procedures will be improved accordingly  Engaging external organizations to undertake KBank corporate governance assessment KBank earned a perfect score of 100 from the AGM Quality Assessment

Rules, Conditions and Procedures for Operational Control in Underwriting of Securities (No. 2)

แบบรายงานมูลค่าความเสียหายที่เกิดจาก operational risk

businesses were offset by lower results from associates and joint ventures, largely due to shared loss from SGAH related to operational inefficiency which will be gradually improved. In Q1 2018, the Company

Million Baht (250%) from Q3/2016. The main cause for the higher net profit is from improved costs and expenses Discussion and Analysis of the Company and its subsidiaries Operational Results in Q3/2017 and