terms of % to revenue improved from 7.5% in Q4 2021 to 5.9% in Q4 2022. Core operating profit (defined as Earnings before Interests and Taxes exclude interest income, gain (loss) on exchange rate and
because an increase of export and private consumption, as well as an expansion of government investment. In addition, the domestic tourism sector also improved due to the government continued relaxing
20230208-ADVANC-MDA-4Q22-EN Classification: Internal FY22 MD&A Advanced Info Service Plc. 1 Executive Summary Maintaining growth in core products amid cautious economic recovery 2022 displayed an
prices for most agricultural products remain low, resulting in a fragile recovery in consumption. This has also been effected by the reduction of spending stimulus measures by the government compared to
had a total increase of THB 46.96 million (related transactions eliminated). The local subsidiaries gained advantage from the recovery of the automotive industry in Thailand, resulting in continuous
company, has improved from the full operation of 5 new studios opened in 2018 which generated higher revenue to the group this year. The Company recorded the share of profit from Absolute Yoga of Baht 0.90
respectively. However, the quick recovery of Malaysian operations has cushioned the overall losses for the quarter. It is expected that operation in Thailand will be improved to almost 65% in the next quarter
Reversal allowance for bad debt and doubtful account - 5.47 Net profit 22.67 25.89 The performance of Absolute Yoga Co., Ltd., the associated company, has improved from the full operation of new studios
and having desserts. In addition, the increase was also due to the growth in the number of branches and the recovery of incoming tourists. R E V E N U E : • The Company’s Gross Profit in Q2/2022 and 1H