MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 MARCH 2018 SG&A expense against only 1.5mTHB consolidated EBITDA contribution, since the acquisition was completed only at the very end of the quarter

: Baht millions) For the year ended 31 st March Consolidated financial statement Apr 2017 - Mar 2018 Apr 2016 - Mar 2017 Change % Change Revenue from sales & service 3,376.19 3,199.82 176.37 5.5% Other

will be recorded as unearned income in S’s consolidated financial statement and recognized as revenue over 30 years start in Q1’2019. In the meantime, S has invested in 20% shareholding in SPRIME

DISCUSSION & ANALYSIS 3Q 2017 20 OCT 2017 172 80 92 199 108 91 262 173 89 Operating Revenue Billboard Street Furniture 3Q 2016 2Q 2017 3Q 2017 3Q 2017 CONSOLIDATED P&L SNAPSHOT CONSOLIDATED P&L SNAPSHOT 3Q

by SREIT, the Company’s wholly owned subsidiary and REIT manager of SPRIME. Net proceed was recorded as unearned revenue in the Company’s consolidated financial statement and would be recognized as

seaport 6) Railway networks providing a seamless connection between the three seaports The government is developing integrated transportation systems to strengthen Thailand’s role as a major global economic

Company Limited No. 6/2060 held on, October 10, 2017 had considered and approved to buy an integrated piece of land consist of totally 7 title deeds located in Tumbol Bangpongpang, Amphur Yannawa, Bangkok

cooperation aims to mitigate the impacts and damage caused by such fraudulent activities.“The SEC has taken action on multiple fronts and has continuously integrated cooperation with relevant agencies. We also

well-integrated to enhance investor confidence”.Chairman of the Association of Securities Companies (ASCO), Mr. Pichet Sithi-Amnuai, said that “securities companies have teamed up with the Stock

were signed in 2016 and 2005, respectively. Now, we are focusing more on fully integrated working collaboration in consistent with the current legal context and the changing business trends based on