operators. The sold contents consist of Indian and Philippines Series. Costs of program rights business consist mainly of amortization, dubbing and translation costs. For the first six month of 2017 and 2018
MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 DECEMBER 2019 used by Golden Lime, as well as a series of one shot expenses (M&A related, Saraburi Quicklime Entire Business Transfer related costs
from the same period of 2017 due to the higher expenses from organizing events, advertising and public relation to promote Indian series and other series. Such promotion strategy resulted in continuous
Environment 2Q24 global economy continued to face challenges from prolonged monetary policy tightening amid geopolitical tensions. In Thailand, positive economic sentiment was driven by ongoing improvement in
Competitive Environment In 3Q24, Thailand showed positive sentiment emerged from the resolution of political uncertainty and a clearer economic direction and resuming of budget spending. These factors eased
rental from lock down Net FX gain was Bt344mn in 2Q20, turned positive, compared to FX loss of Bt422mn in 1Q20 as THB had appreciated approximately 5. 4% QoQ against USD and higher Capex payable compared
products that offer well-perceived quality at reasonable prices. We believed that the notable Carabao brand is well imprinted among targeted customers and the positive feedback in term of sales of both the
visualization, leading to pent up demand. Overall, sales in May improved compared to April due to the resuming of business. - June: The Company had positive growth in same store sales resulting from the change in
providing channels for receiving human rights-related complaints and handling mechanisms. Additionally, KBank has arranged a series of trainings and communications on a regular basis to enhance employees