growth was chiefly attributed to (i) higher operating revenue from the hotel business in Europe, which contributed operating revenue of THB 1,256mn, an increase of 9.4%YoY or THB 108mn; (ii) consolidation

be determined by the parent company. ● Once the consolidation approach has been decided, all business units under parent company should apply the same approach. Consolidation of approach 23 SCOPE 2

E_1 Legal_FA_2015_12_29-c A WWCCoorrppLL44..11hhiigg A Executive Summary 1 Management Discussion and Analysis For the Year Ended December 31, 2017 In 2017, Thai economic growth gained traction, buoyed by strong recoveries in tourism and exports. This growth momentum is expected to carry on into 2018, especially amid a brighter outlook in public and private investment. Nonetheless, the business sector remained challenged by new modes of competition in a broader marketplace amid the advancing digi...

benefitted with the consolidation of high performance Rayon tire-cord business ‘Glanzstoff’ but the overall earnings were negated due to planned maintenance shutdown at the flagship site in Indonesia. 3 In USA

an otherwise good seasonal quarter, and taken together with de-consolidation of India PET business, had a volume impact on IVL of 7% for the 2nd quarter and 2% LTM;  Estate-wide Utility revamp

attributable to the consolidation of AAPICO Maia. Total shareholders’ equity decreased by Baht 467 million, caused by loss in 2019. Key Financial Performance Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Return on

and profits through consolidation of financial statements of the Subsidiary that will invest in this project. Therefore, the transaction is deemed reasonable and beneficial and will help enhance the

% TBSP 6(0.5%) 3(0.3%) 116.3% For 6M19, Company consolidated finance cost of THB 15 mil., +45.8% when compared same period of last year regarding to TBSP consolidation and extra finance cost from

the Malaysia dealership sales figures has increased, due to THB strengthening, the total revenue decrease after conversion to THB during consolidation. Cost of sales and services increased in accordance

22.15%.This is mainly due to the consolidation of Kuron’s administrative expenses and from professional fees related to the acquisition totaling THB 9.7 mm. Net Profit(Loss) The Company posted net profit