between accounting system and forecast of investment returns. This might reflect Indian?s stronger accounting system, enforcement and investor protection.  Note: The research paper was presented under the

 revenue for the group increased 13% year‐on‐year in USD terms, from USD 135m in Q216 to USD 153m in Q217. The average exchange rate for Q217 was 3% stronger at THB/USD 34.3 from THB/USD 35.3 in Q216.  As a

 revenue for the group increased 13% year‐on‐year in USD terms, from USD 152m in Q316 to USD 172m in Q317. The average exchange rate for Q317 was 4% stronger at THB/USD 33.4 from THB/USD 34.8 in Q316.  As a

 for Q218 was 7% stronger at THB/USD 31.9 from THB/USD 34.3 in Q217.  As a result the sales revenue in THB terms increased 4% year on year for the quarter. Year‐on‐year,  in USD terms, the

. The average exchange rate for Q319 was 7% stronger at THB/USD 30.7 from THB/USD 33.0 in Q318. As a result the sales revenue in THB terms decreased 14% year on year for the quarter. Year-on-year, in USD

from USD 162m in Q119. The average exchange rate for Q120 was 1% stronger at THB/USD 31.3 from THB/USD 31.6 in Q119. As a result the sales revenue in THB terms decreased 10% year on year for the quarter

mentioned. Excluding such non- recurring income, 1Q18 revenues would have grown 9% QoQ, mainly from stronger performance of hotel business. Management Discussion and Analysis 1Q18 Consolidated Financial

Kumar, and the pledge of shares in SGAH and its subsidiary to the Company. The Company sees good opportunity to gain stronger footprint in the global market by this investment. Also, the Company will have

volume and the stronger Thai Baht against USD. Total sales volumes of 9M 2017 decreased by 13% from 9M 2016, whilst the sales of zinc metal from PDI’s own operations reached 65% of total 9M 2017 sales. The

of Sakthi Automotive Group USA, Inc., Mr. Lalit Kumar, and the pledge of shares in SGAH and its subsidiary to the Company. The Company sees good opportunity to gain stronger footprint in the global