. Small, and Kurt Van Dender. "Induced demand and rebound effects in road transport." Transportation Research Part B: Methodological 44.10 (2010): 1220-1241. Climate Bonds Standard and Certification Scheme

company. Purchase of 80% of Universal Common Shares of Universal Worldwide Transportation Limited. Page 2 of 5 The Company must recognize revenue. Entering into the financial statements. As a result

4.2. Transportation Sector: an overview ........................................................................... 51 4.2.1. Transport via railways

March 31, 2018 and March 31, 2017, the Company and its subsidiaries had a net profit of Baht 56.52 million or 17.17%. Universal Worldwide Transportation Limited holds 80% of the total number of ordinary

(Decreased) Percentage Remark Sales and Services Income 563.95 485.78 78.17 16.09% - LPG Trading 189.70 178.97 10.73 6.00% 1 - Transportation 4.72 3.29 1.43 43.47% 2 - Conversion Kit Installation 1.34 1.74

maintain overall LPG volume, resulted in increased LPG sold to industrial sector 47.31% and to household sector 120.95% from the same period of previous year. While LPG sold to transportation sector

economic slowdown. Causing, the Thai government declared the Emergency Decree. With measures prohibiting aircraft, vessel, motor vehicles, or any other types of conveyance, or using transportation routes

transportation in the domestic transport by land and the cost of dialysis liquid manufacturing, which there were no the mentioned costs in the 1st Quarter, 2017 as well as the company is expanding the business in

Remark Sales and Services Income 582.93 361.15 221.78 61.41% - LPG Trading 186.44 190.36 (3.92) (2.06%) 1 - Transportation 4.00 2.44 1.56 63.93% 2 - Conversion Kit Installation 0.68 1.56 (0.88) (56.41%) 3

) Percentage Remark Sales and Services Income 551.41 407.35 144.06 35.37% - LPG Trading 187.25 193.80 (6.55) (3.38%) 1 - Transportation 3.58 2.65 0.93 35.09% 2 - Conversion Kit Installation 1.21 1.59 (0.38