future. Business wise H1 2019 was challenging particularly in the most recent quarter. Business sentiment in multiple industrial segments important to us has been impacted by the macro economy and the

accidents. Business wise Q3 2019 as in Q2 the macro economy and the competitive landscape remains challenging. The continuing weakness in the steel sector had a significant volume and revenue impact, but we

% decrease Commenting Mr Geza Perlaki, Golden Lime Managing Director said: “While the year 2019 has been very challenging (especially in comparison with the highly successful 2018 as basis) we stayed committed

performance of Thai equity funds underperform the market total return benchmarks. Equal-weighted outperforms asset- weighted, thus smaller funds are more performing. Periods Annualized Returns % of Thailand

of the Thai baht is making exports more challenging competitively and we are seeing some volumes repatriated on the Thai market increasing domestic competition. Revenue realized per unit product sold

1 2017 MD&A Advanced Info Service Plc. Executive Summary In 2017, mobile business improved from stronger 4G positioning amidst competitive environment. Competitive landscape remained challenging in

. It was still challenging for telecom sector particularly in the mobile business due to weak consumer spending and revenue loss from traveler sector due to international travel restriction. Fixed

mobile industry has remained competitive as low-priced unlimited prepaid plans continue to dilute ARPU. Overall, pricing environment in prepaid market segment remained challenging to improve ARPU as

margin was at 48%, declining from 50% in FY21 mainly due to an increased mix of handset sales to total revenue. The reported net profit was at Bt26,011mn, dropping -3.4%YoY from the challenging cost

option in the agreement in order to fully leverage on IVL synergies and post challenging macro regulations adopted in India in 2017. The diversity of our products, intellectual property and geographies