was at Bt2,541mn, increased 16% YoY and 2.2% QoQ from continued gaining subscribers and market share. Nonetheless, ARPU still decline due to low-price packages for new customers. • Enterprise non-mobile
million of Normalized Share of Profit and Dividend, a 7.6% increase from 3Q2018 due to energy margin increase from GHECO-One SPP For 3Q2019, 8 SPPs generated Baht 151.2 million of Normalized Share of
mainly from i) a 204.9% increase of Share of Profit from Investments due to GHECO-One back to full operation, newly COD of 1 SPP (GNLL2), and Foreign Exchange Gain in 2Q’19. ii) a 33.1% increase of Gross
the past year, which required additional debt financing, leading to higher interest expense. Reported share of loss from associates/JVs was THB 23mn, largely due to a share of loss THB 30mn from Sansiri
share of profit from associates/JVs was THB 284mn, largely due to a share of profit THB 282mn from Sansiri JVs and THB 17mn from UBM JV. MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 14 AUGUST 2019 U CITY PCL
, private consumption and tourism. Both private and public investments remain largely at stable levels whilst consumer spending is constrained due to high household debt levels, decline in agricultural
increase in issued and fully paid-up capital net of share discount of THB 11,867mn, due the aforementioned capital increase and partially offset by (ii) mainly an increase in deficit of THB 129mn from a net
the first half of 2017 (January to June) of Baht 3.7 billion (Baht 2.00 per share), and due to an increase of Baht 7.0 billion in revaluation gains on available-for-sale investments. Loss on translation