the second half of the year. However, government expenditure was slightly decline as well as the contraction on agricultural and construction sector. The Thai economy in 2018 is expected to expand more

marketing events in the first quarter of 2018 than prior year such as “FN Fair” at head office and “FN Thank you sale” at branches. The Company efforts to carefully control promotion expenditure. Thus, 1Q18

of tax exempt status which can be carried forward and deducted as expenditure from the net profits acquired. For the year 2014 and 2015, the Company could claim this priviliege to the whole amount

manage expenditure more efficiency. 4. Net profit (loss) and net profit (loss) margin 1Q19 net loss was Baht 1.75 million, respectively as a result of the sales target was not achieved and slightly

) was ready to start commercial operation from November 2019. Although, SDWTP had average sales volume more than 80% of Phase 1A’s installed capacity during November to December but depreciation expense

the previous quarter. The main supporting factors were the return-to-expansion of export goods, private investment as well as a continual expansion of government expenditure. Meanwhile, the new wave of

. The consolidated other incomes in 2019 was 1.60% of total sales, slightly decreased from 1.78% in 2018. Selling General and Administrative Expense The consolidated SG&A expenses in 2019 equaled to THB

2,370.4% from the first quarter of 2020. For the period of six months of 2020, the normalized other income was THB 197.4 mm, increased by 6.0% from the same period of last year. Expense Analysis Change

680,326 100.00% 1,417,499 100.00% 1,455,454 100.00% 1,459,443 100.00% Total Expense 642,051 94.37% 1,330,292 93.85% 1,352,723 92.94% 1,341,715 91.93% Profit before Income Tax 38,275 5.63% 87,206 6.15

. Cost & Expense In 2Q23, the cost of service was at Bt22,334mn, increasing 3.3% YoY due to higher network OPEX costs from utility price (FT rate) and expenses from NT’s partnership. It increased minimally