from the weakened household income especially in non-farm income together with the tightening of financial institutions credit approvals due to the deteriorations in asset quality. The non-durable goods

expanded at a slower pace compared to the previous quarter, with merchandise exports contracting as global trade weakened, resulting in a decline in domestic industrial production. Meanwhile, tourism

airline business slightly declined by 0.6 percent from highly intense competition which caused the average fare to drop by 6.0 percent, particularly in Indochina routes. This was a consequence of increasing

by THB 121.52 million or 6.59% up comparing to 3Q2016. On the contrary, revenue from feed segment weakened by THB 217.50 million or 19.49% down comparing to 3Q2016. The consolidated revenue from sales

THB 109 million due to the lower occupancy rate. Other income decreased by THB 5 million. Gross profit margin declined from 25.9% to 25.4% due to rental and service business gross profit decreased by

severely contracted as a result of the Coronavirus 2019 (Covid-19) outbreak which began in late January. Income from the tourism heavily declined as a result of international travel restrictions that were

factor was 62.7 percent, weakened from 64.5 percent. Passenger yield per RPK was 4.25 Baht, decreased from the second quarter of 2016 by 8.3 percent. Moreover, dividend received from BDMS during the period

Asia, Africa, and Europe had the highest declined at 3.8, 2.8 and 0.8 percent respectively. In addition, Chinese tourists, which had the biggest percentage portion of tourist arrival to Thailand at 28.2

segment declined by 13.51% comparing to 2016. GFPT Public Company Limited Management Discussion and Analysis for the Year 2017 Page 8 of 15 The consolidated revenue from sales consisted of chicken

million, declined by THB 182.87 million or 4.39% down from 2Q2017, mostly from lower revenue from chicken processing business which decreased by THB 126.79 million or 6.73% down comparing to 2Q2017