; “ securities company ” means a securities company which obtains the securities business license in the following categories, but exclude a securities company being a commercial bank under the Law on Financial
which obtains the securities business license in the following categories, but exclude a securities company being a commercial bank under the Law on Financial Institution, a life insurance company under
operator or its subsidiary; The executive according to the first paragraph of (c) shall exclude the person assigned by the board of directors of the company to be director who is a member of the committee
margin (exclude non-recurring cost) 30% 28% 2% 33% 31% 3% Administrative expenses before adj. 41.45 40.84 2% 83.09 88.68 -6% Adj. staff benefit 2.19 - 2.19 - Adj. previous year SW income 20.31 10.66 90
which resulted in the net amount of THB 27.6 million for 1H17. However, net profit attributable to the Company still increased 6% yoy. If we exclude the adjustment THB 7.7 million of social security
amount of THB. 10.7 million. However, the net profit attributable to the Company still increased by 5% for 9-month period in 2018. If we exclude the above extra transactions totaling THB 32.7 million from
expenses increased slightly by only 0.15% from Baht 389.26 million in Q1 2020 to Baht 389.86 million in Q1 2021. Core operating profit (defined as Earnings before Interests and Taxes exclude interest income
market conditions: Period 1: Mar 2000 to Oct 2000 – bear market Period 2: Nov 2000 to July 2001 – neutral market Period 3: Nov 2001 to Jun 2002 – bull market • Exclude opening transactions and trades
exclude any observations from financial industry sectors. ❑ Continuous variables are winsorized at 1st and 99th percentiles. ❑ The final baseline sample of 8,317 firms with 54,436 firm-year observations