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

temporary closing most parts of the shopping mall to stop the COVID-19 outbreak. Enable tenant remedy measurement who affected and take care employees thoroughly Cost effective management and the review of

and innovations to facilitate fast and convenient market access, more efficient cost management of existing and new intermediaries in fulfilling investors? demands, enhancing market supervisory

and less waste proportion. This was coupled with the Company’s effective control of production cost, e.g. orders for raw materials in a large volume to lessen unit cost of raw materials, and lower fixed

as of 2Q’19. For SW income per insurer, the income has increased from THB 988 per insurer to THB 1,015 per insurer reflecting the more efficient SW income generated from each insurer. Cost of Hospital

increase of Baht 367 million, or 1.57 percent in net interest income derived from rising interest income and effective funding cost management. Meanwhile, operating expenses rose Baht 487 million, or 3.07

reasons for the decline of cost ratio not only stemmed from the increase of SW income and non-sw income per head but also from the efficient cost management particularly staff cost. Administrative Expenses

efficient cost management such as staff cost and other related cost. Administrative Expenses In year 2017, administrative expenses increased by 12% yoy and 6% yoy in the fourth quarter mainly due to the

estate development projects but due to the feasibility study of the project, the Company considered that the development of the project on such land is costly and not cost effective. The Company, therefore

. Moreover, there was a high base in Q4’2017 since the market reacted to an announcement of the new excise tax imposed to RTD Tea before the regulation became effective in mid Sep’17. Although the challenging