to THB 81.8 Mn in 2017. The main reasons for the decrease were the increase in selling expenses related to the amortisation of the value of the franchise agreements purchased during the acquisition of

purchased raw water from private source as well as the rising of depreciation and amortization by 14.28 million Baht from the amortized assets of the expanded capacity concessions. Major Costs of Tap Water

Bank’s loan portfolio for 1Q21 expanded by 2.1% from the end of 2020 with growth driven by hire purchase, housing and real estate lending segment. For asset quality, the Non-Performing Loans (NPLs) to

in LPG usage in transportation sector, which is main customer of the Company. This result in volume sold decreased 10.45% from previous year. However, the Company has expanded market to industrial

Yai, Chachoengsao, Rayong and Diana Hat Yai Branch. Industry Overview Thailand’s overall economy expanded at a slower pace than expected in 2Q19 due to external demand. The escalated trade tension

%. However, the Company has expanded market to industrial sector in order to maintain overall LPG volume, resulted in increased LPG sold to industrial sector 55.92% from the same period of previous year. While

Million Baht, accounting for 3.38% from the same period of previous year. The average selling price increased 3.81%, while volume sold in Q2 2018 decreased 6.93%. However, the Company has expanded market to

Yai, Chachoengsao, Rayong and Diana Hat Yai Branch. In addition, the Company has expanded new channels especially e-commerce through owned official platforms i.e. www.fnshopnow, Facebook: FN Outlet

production capacity of Phase 1 and 2 was expanded, which led to solid revenue growth and profitability. We experienced a number of challenging factors that occurred at the same time, such as production of new

LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1/2018 2 2. ECONOMIC SITUATION Thai economy in Q1/2018 continually expanded, supported by every economic engine especially merchandise exports, which were