the securities company may reduce the expenditure for undertaking its business by using back office service from service provider and due to the criteria for undertaking securities business of

Expenditure Capital Budget in 2018 USD15 million Forwarded for your information. Sincerely yours, (Mrs.Voraluksana Ongkosit) Executive Vice Chairperson

: To be used for capital expenditure of the Company and to be working capital of the Company GFPT PUBLIC COMPANY LIMITED PLANT: 209 MOO 1, TEPARAK RD., K.M. 20.5 BANGSAOTONG, SAMUTPRAKARN 10570, THAILAND

weaken. Although the government has policies to help the cost of living of people at the grass-roots level, it focuses on spending of the essential consumer products only. In addition, there was a factor

remains sluggish, resulting in the contraction of advertising expenditures by 11.4% YoY to 26,351mn in the third quarter of 2017. Overall advertising spending was weighed down by TV sector (Analogue TV

government spending and economic stimulus measures such as the reduction of personal income tax rates and adjustment of minimum wage, including investment in large infrastructure as well as the government

was negatively impacted by an unexpected event in Malaysia, where a government-linked sector that is one of our major clients in airport advertisement has cut back its spending due to the country’s

Company’s total SG&A level was at 20.8% of sales, in-line with Q1’18 level and -30 bps QoQ. Lower spending on A&P was due to phasing of spending as per marketing activities and high base last year base from M

aforementioned impact and economic uncertainties, which led several businesses reduce their advertising spending.  Domestic advertising revenue was THB 97mn, a decrease of 62.9% YoY.  International advertising

, credit card revenue was 1,887 million baht, an increase of 9 million baht or 1% y-y. The Company has focused on promotion activities to encourage customer’s spending and increase market share. For example