from 2.3% in the second quarter of 2019, mainly driven by expansion of private consumption, government spending and tourism sector. Meanwhile, exports sector continued to contract caused by uncertainty

commercially launched in September 2019, an increase in financial cost pressured by incremental debt financing to support business expansion which THB 5,357.8m loan facility to the acquisition of Outriggers was

profit for th ncrease from rease espec d administra million bah of 2017 the by 229.9 mil rative expen wances for d t expansion. 30-Jun-17 MB    262.6 315.8 1,740.4 1 209.1 459.1 2,223.4 1 467.1 270.3

the expansion of Boonterm Kiosks. Expenses and expenses to revenues from main business 2Q17 2Q16 Increase (decrease) Million Baht % Million Baht % Million Baht % Selling expenses 36 2% 20 2% 16 80

aligned with the expansion of Boonterm Kiosks. Expenses and expenses to revenues from main business 3Q17 3Q16 Increase (decrease) Million Baht % Million Baht % Million Baht % Selling expenses 21 1% 25 2% (4

%. An increasing was mainly from administrative expenses which results from bad debt allowance in lending business and personal expense increase from business expansion. Operating profit in 2017 was 1,109

2018 primarily due to the US-China trade war and global uncertainty contributed negative impact on export growth. The growth of credit card business in Thailand continue expansion due to overall economic

cost, higher online travel agency costs, and employee costs to support the expansion of hotel business. 1Q18 EBITDA margin was 25.5%, compared to 23.0% of the previous year. In 1Q18, depreciation and

quarter. However, the Thai economy is expected to grow continually from last year, thanks to the expansion of exports and tourism sectors as well as an increase in government consumption. In addition, the

expansion, ii) increase in professional expenses including consulting fees related to operational systems preparation and legal fees, iii) incurred unrealized loss from exchange rate of equipment deposit