Airways Public Company Limited and its Subsidiaries Management’s Discussion and Analysis for the year ended 31 December 2019 Executive Summary The Thai economy in the last quarter in 2019 continued to grow
line with the continued economic slowdown, whereas overall consumer loan continued to grow at a high rate despite a slower growth in mortgage lending and auto loan, personal loan and credit card expanded
accelerated to grow. Regarding domestic demand, private consumption slowed down as a declining household income and employments, particularly in export-related manufacturing sectors. According to the slowdown
memorable. 3.2 Business trends of the Company Thailand’s economic has a clear recovery signal in 2017 and was expected to grow continuously in 2018. Reflecting to Thai’s Gross Domestic Product (GDP) where the
being presented as a part of interest income from loans after the adoption of TFRS 9, while fee income from the securities business continued to grow well. Compared with the first quarter of 2019, non
activities has been arranged with sales plan improvement and promotion efficiency spending and emphasizing FN brand awareness and increasing FN brand equity. 3. Selling and administrative expenses Selling and
able to achieve higher collection efficiency and cost control management. The Company purchased bad debt from financial institution in Q1/2018 1,017 million Baht. The Company’s Interest Bearing Debt
5.0% in Q3 2017 to 6.8% in Q3 2018, driven by improved efficiency and increase volume. Selling and administrative expenses were Baht 36 million lower than last year due to cost control and lower
2019 in order to enhance corporate efficiency and growth resulting in favourable operating results by achieving 12% gross profit margin in Q1-2020. UWC determined to continuously improve its strategic
which increased by amount of Baht 47 million, mainly due to the efficiency improvement of production cost management. 2. Other incomes from dividend received for the year 2019 had amount of Baht 21million