cost, higher online travel agency costs, and employee costs to support the expansion of hotel business. 1Q18 EBITDA margin was 25.5%, compared to 23.0% of the previous year. In 1Q18, depreciation and

quarter. However, the Thai economy is expected to grow continually from last year, thanks to the expansion of exports and tourism sectors as well as an increase in government consumption. In addition, the

investment in business expansion, and the cash flows in operating activities in the future to execute the Restaurant Franchise Business Acquisition Transaction, which shall in no way affect the Company’s

expansion, ii) increase in professional expenses including consulting fees related to operational systems preparation and legal fees, iii) incurred unrealized loss from exchange rate of equipment deposit

start to see an initial use of 5G, the 700MHz and 2600MHz spectrum, of which the licenses are applicable to both 4G and 5G, can also be deployed onto the current network in order to support the expansion

the rising order for the Company’s energy drink from overseas market up until now and more product variety requirement, the Company decided to invest in capacity expansion for both bottling and canning

considered the rising order for the Company’s energy drink from overseas market up until now and more product variety requirement, the Company decided to invest in capacity expansion for both bottling and

back expected +4-5% range. We expect the overall burnt and crude product market contraction in 2020 and expansion in 2021 to be in the same range. This being said, we do not expect further major

THB 114.6 Mn to THB 126.7 Mn respectively, an increase of THB 12.1 Mn or 10.6%. This increase was mainly due to (1) increased staff to support the expansion of branch for both the restaurants which the

the previous year due to continue an increase of export and private consumption, as well as an expansion of private investment. In addition, there were supporting factors from domestic demand from the