profit 1,876.0 2,077.6 -9.7% 5,696.9 6,180.7 -7.8% SG&A 1,158.6 1,100.0 5.3% 3,610.5 3,333.3 8.3% Selling and distribution expenses 825.3 809.6 1.9% 2,594.7 2,470.5 5.0% Administrative expenses 333.3 290.4

according to the proportion of income according to the specified plan In addition, the company has measured fair value of PPA (Perchase Price Allocation) of WICE Logistics (Hong Kong) with intangible assets

22.6% 2,781 2,452 13.5% Selling and distribution expenses 989 846 16.9% 1,873 1,769 5.9% Administrative expenses 470 344 36.6% 908 682 33.1% EBIT 889 815 9.0% 1,987 1,788 11.1% EBITDA 1,121 1,077 4.1

3,587.58 100.00% 3,748.57 100.00% 160.99 4.49% Distribution costs 159.17 4.44% 156.53 4.18% (2.63) (2.04%) Administrative expenses 88.27 2.46% 105.82 2.82% 17.55 19.88% Profit from operating activities 68.39

than 3.2 percent growth last year. Strong export growth in both goods and services is the main contributor of Thai economy this year, following the good expansion of trading partners’ GDP and the number

%, consistent with robust global economic expansion and strong growth momentum from last year. A robust global economy will support Thai merchandise exports to grow by 4 .8% annually together with the tourism

has cost competitiveness and will enhance the Company’s production base for emerging markets in Southeast Asia, while LQSF’s wide-coverage distribution that reaches almost all regions of Vietnam will

" outlook, which reflects the expectation that The Company will continue to improve its performance and be able to maintain a strong financial position. December World Medical Hospital opened the World ART

1 3Q18 MD&A Advanced Info Service Plc. Executive Summary Acquired 1800MHz license and expanded strategic distribution and services In Aug-18, AIS has secured additional 2x5MHz of 1800MHz license

strong across-the-board growth. The business sector remained challenged by new modes of competition amid the advancing digital age and the rapid pace of technological advancement, together with the