-recurring revenue. As a result of consolidation, non-recurring revenue increased by 37.97mb or 33.8% increase year-on-year. Recurring revenue from Financial Solutions increasing by 4.35mb or 7.0% but offset

weighted in non-recurring revenue. As a result of consolidation, non-recurring revenue increased by 17.72mb or 35.5%, reversing from a dip in non-recurring revenue in previous quarters. Recurring revenue

341 mil from q-q, primarily due to business combination consolidated TBSP Public Company Limited (“TBSP”) since April 4, 2018. Excluding TBSP, Company’s core revenues increased by 20.6% or THB 64 mil

”) reported total revenues growth of 49.1% y- y 2018 or THB 678.5 mil., primarily due to business combination consolidated Thai British Security Printing Public Company Limited (“TBSP”) since April 4, 2018

396 million (equivalent to THB 209 million). This plot of land is to be used for a manufacturing site to support business expansion in India. Consolidation goodwill increased Baht 378 million as

of 7.55mb or 36.1%. SG&A consists of mainly indirect staff costs, office rental and depreciation & amortization. The increase in SG&A is mainly attributed to the consolidation of TigerSoft’s result

, primarily due to business combination consolidated TBSP Public Company Limited (“TBSP”) since April 4, 2018. Excluding TBSP, Company’s core revenues increased by 4.3% or THB 14 mil from q-q. For 6M19, Company

auditor’s understanding of his/her client. The planning and performing of these procedures, whether alone or in combination with tests of details, should be in accordance with the requirements of the relevant

806.4 542 48.8% Marvel Pack 0.3 - 100.0% For 9M19, Company reported revenue growth of 24.8% y-y or THB 372 million, driven primarily by business combination. Excluding TBSP, Company’s core revenues

2014 6 TSE vs OSE: Strategic consolidation 7 Importance of study on RTOs • Regulators need to strike balance between investor protection without delineating potential firms to enter the exchanges