million, a decline by Baht 8,953.78 million or 32.39% The Company and its subsidiaries had cost of construction services and sales of construction materials amounting to Baht 18,688.48 million, a reduction

environment, but its lending and deposits in the third quarter of 2018 grew further, with lending expanding at a higher rate than deposits. Consequently, the loan to deposit ratio has risen from the previous

arrivals for the first quarter of 2019 declined 1.5% yoy with the number of Chinese tourists which contribute almost 29% of total tourist arrivals exhibited a decline of 2.1%. Although the economy is showing

strong with low debt-to-equity ratio and high current ratio. P a g e | 3 - Management Discussion and Analysis 1Q2020 - 4,346 1,714 2,942 881 1,102 900 83% 17% 61% 39% 77% 23% 1Q2020 1Q2019 4Q2019 2,816

year 2020, social security (“SW”) revenue decreased by 7%. The decline was due mainly to the revocation of discharge type & complaint’s payment, the dwindling check-up items and the lower recorded rate

Baht 4,015 million, a decline of 6.8 yoy while comprehensive income for the first nine months totaled Baht 3,886 million, also declining by 8.8%. Pre-provision operating profit for 3Q20 increased by 13.2

continued to decline. As of May 31, 2017, the Company’s total cards reached 7.87 million cards (including 2.40 million credit cards and 5.47 million member cards), net increasing by 59,000 cards from February

drastic decline in Ethylene and Glycerin price from ample supply plus lower crude oil price. 2. In 2019, distribution costs, administrative expenses, and doubtful debt expenses was 1,390 MTHB, increased by

tightening of financial institutions in loans approvals due to the deteriorations in asset quality. Private investment contracted in the investment in construction from the decline in permitted construction

financial institutions in loans approvals due to the deteriorations in asset quality. Private investment contracted in the investment in construction from the decline in permitted construction area and also