, even with the divestment of assets in the Nikaho and Nagi projects in Japan in September 2018. From the said divestments, the company recorded profit from selling of the assets at THB 795 million

increased by 32% y-y and 6% q-q. In addition, the Company has other incomes from bad debt selling in the fourth quarter of 2019 at the amount of 329 million baht. Moreover, the income for the fiscal year of

% 4,947 5,033 -1.7% Selling and distribution expenses 903 914 -1.2% 3,498 3,384 3.3% Administrative expenses 434 786 -44.9% 1,449 1,649 -12.1% EBIT 1,073 472 127.4% 3,803 3,722 2.2% EBITDA 1,342 736 82.4

training, resulting in an increase in operating expenses in many items. As a result, selling and administrative expenses increased. Furthermore, the Company recorded the impairment loss on financial assets

same period of the previous year. Expenses analysis Q1 2017 Q1 2018 Increase/(Decrease) THB mm THB mm THB mm % Selling expense 32.9 47.3 14.4 43.8% Administrative expense 293.5 268.0 (25.5) (8.7

with the decrease of costs in the first nine-month of the year 2017. In 2016, the Company had income from selling lighting and air conditioning systems in the amount of Baht 66.25 บมจ.0107537002109 Page

tons) 197 377 EBITDA 155 132 Net Profit (Loss) (72) (451) HR C HRC Sales (k tons) 197 377 HRC Production Volume (k tons) 204 363 HRC Average Selling Price (THB./ton) 19,891 20,709 HRC Cash Margin (THB

mm in the third quarter of 2017. Expenses analysis Q3 2017 Q3 2018 Increase/(Decrease) 9M 2017 9M 2018 Increase/(Decrease) THB mm THB mm THB mm % THB mm THB mm THB mm % Selling expense 40.9 33.0 (7.8

. The subsidiary was established by the condition of Airport of Thailand PCL. (AOT)’s term of reference with registered capital of 20.0 million baht. 6 ASIA’S BOUTIQUE AIRLINE 10. As of 30 June 2019

costs of sales and services, selling expenses and administrative expenses with details as follows: Unit: million baht July-September January-September 2017 % 2016 % Variance 2017 % 2016 % Variance Amount