that will make products obsolete? Alternatively, will CCS be cost effective at scale? • Operational and Reputation risk: Will banks provide debt capital? Will insurers underwrite policies? Is the company

cooling industry systems from cost-effective management. Other Income Other income is income from other business operations of the Company such as interest income and bad debt, etc. In the second quarter of

period of 2019. This increase was mainly due to switching towards more cost-effective marketing channels. Administrative Expenses In the 3rd Quarter of 2018 and 2019, administration costs increased from

business growth, while flat 0.3% QoQ from higher SG&A in line with growing top line. EBITDA margin was at 53%, improving YoY from continual focus in profitable revenue, effective cost management, and

strongly, especially on a same-store basis that continues to grow together with cost effective management. Excluding the non-recurring items, total revenue increased 9.0% YoY and net profit increased 7.4

marketing by switching towards more cost-effective marketing channels, which decreased from the previous year by THB 4.8 Mn. However, the group had higher marketing support and commission expenses paid to

switching towards more cost-effective marketing channels; the main factors for the increase were (1) higher staff, rental, utilities and depreciation expenses from opening new branches and (2) higher

, total revenue stood at THB 12,189 mn and net profit stood at THB 1,890 mn). However, the Company implemented the cost-effective management as planned to reduce impact to business performance. As a result

, total revenue decreased by 31.8% and net profit decreased by 65% YoY). However, the Company implemented the cost-effective management as planned to reduce impact to business performance. As a result of

more efficient marketing by switching towards more cost-effective marketing channels, which decreased from the previous year by THB 3.3 Mn; the main factors for the increase were (1) higher marketing