prices for most agricultural products remain low, resulting in a fragile recovery in consumption. This has also been effected by the reduction of spending stimulus measures by the government compared to

accelerated spending in the first half of fiscal year. The situation is expected to benefit the company from economic recovery and private investment. In terms of total operating expenses, it usually varies

maintained its growth momentum. Similarly, Thailand’s major economic indicators continued to exhibit growth, as evidenced by brighter exports, government spending and private spending on certain items of

as well as more activities to encourage customer’s spending through AEON credit card. The Company launched AEON Shop Plus and offered gifts for credit card purchase that reach specific amount. The

the swing in net cash flows from operating activities. The change in net cash flows from investing activities is due to less spending on equipment in 2017 as compared to the same period in 2016. The

addition, higher household debts pressured consumer to carefully control their spending. (Source: Quarterly Economic Assessment and Outlook 3/2017 Bangkok Bank Public Company Limited) Performance Analysis

invest in new M&A targets. • Further manage down its OPEX to minimize spending. • Continue its quest for new projects within controllable risks and sustainable returns, in and beyond Thailand, targeting

brand awareness and increasing FN brand equity, so the marketing activities has been arranged with sales plan improvement and promotion efficiency spending. 3. Selling and administrative expenses Selling

Position as of June 30, 2019 The consolidated total assets as of 30 June 2019 decreased by 5% yoy. The decrease was mainly attributable to cash spending on annual capital expenditure and loan repayment as

at HomePro, Mega Home and HomePro in Malaysia. Moreover, the Company organized various marketing activities throughout the period with the aim of stimulating consumer spending. Activities included the