compared to the same period of last year including 1Q20. This is because the customers’ purchase orders had increased, and as a result, the overall utilization rate was higher, and consequently the

profit margin decreased from 39.18% in 3Q18 to 36.25% in 3Q19. This is because the customers’ purchase orders had declined, and as a result, the overall utilization rate was lowered, and consequently the

Change Amount % Change Total Revenues 7,792 7,550 242 3.2% Sales and service income 7,624 7,300 324 4.4% Gains on Exchange rate 69 175 -106 -60.3% Other Income 99 75 24 30.8% Cost of Sales and Services

decrease in gross profit margin was due to the depreciation of the U.S. dollar currency and an increase of the fixed cost per unit of products produced at Laem Chabang factory while the production decreased

the face of these challenges, AIS’s execution focusing on profitable revenue brought in a core service revenue of Bt33,351mn, growing 2.3% YoY. This growth was driven by the continued expansion of fixed

193 million, and completed its issuance and offering of USD 300 million notes with a tenor of 10 years (maturity date in 2028), and a fixed interest rate of 4.50 percent per annum. 4.2.3 Trade accounts

) Gross profit 439.4 427.9 11.5 2.7 Net gain on exchange rate 55.1 112.2 (57.1) (50.9) Gain on forward contracts 11.2 49.5 (38.3) (77.4) Other income 2.0 173.0 (171.0) (98.8) Profit before expenses 507.7

171.6% and the increased rate in revenue is equal to 75.2% due to the very high revenue in Q2– 2021. Thus, it can be covered some of the selling and administrative expenses that were the fixed cost. In

increased revenue but the increased rate of those were less than the increased of revenue, since the increased revenue can cover some fixed cost, which can be compensated with low gross profit in 2019

higher than the change rate in revenue which was 9.6%. This is because the increase in revenue from higher value and larger number of projects in Q2–2024 can cover more fixed costs. -2- Operating Results