slower-than-expected recovery of advertising expenditure during the first half of 2017, the VGI believes that an improvement in advertising spending is in the offing for the remaining months of 2017 as

6.35 263.45 0.77 795.64 792.27 0.43 Cost of goods sold 139.69 129.14 8.17 132.87 5.13 418.50 416.74 0.42 Distribution costs and administrative expenses Distribution costs 46.25 33.48 38.14 47.18 (1.97

incurring higher expenditure concerning preparation for the pre-opening of Excellence Center in Early 2018.  In addition, in 2017 the Company has benefited from its efficient excess liquidity management

synergies of the acquisition contributed to the growth in revenue while variable cost synergies (particularly on fuel specific consumption optimization) contributed positively to consolidated EBITDA

limited for the reason that the 2024 annual Government Statement of Expenditure has not yet been approved. It is expected that the government statement of expenditure approval will be completed in April

Offering, pre-operation expenses for Project Crossroads Phase One comprise expenses incurred in preparing for the opening of Project Crossroads Phase One that was not recorded as capital expenditure, Tax

administrative expenses2 (974.0) (770.2) 26.5% (700.0) 39.2% EBITDA 508.5 176.2 188.6% 131.6 286.4% Finance cost (200.8) (218.9) -8.3% (193.6) 3.7% Share of profit/loss from JVs/associates (equity income) 284.1

loss of THB 254mn, mainly from higher finance cost, due to (i) the full quarter consolidation of the acquired hotel business in Europe in which the foreign exchange (FX) loss from loans revaluation and

% (24.7) N.A. Finance cost 132.5 254.8 (48.0)% 458.2 (71.1)% Reported Net Profit/Loss (387.5) (880.5) (56.0)% (253.7) (52.8)% Recurring Net Proft/Loss* 10.5 (63.7) N.A. (253.7) N.A. GOP margin (%) 63.4

. Cost & Expense In FY22, the cost of service was at Bt87,076mn, increasing 2.2%YoY affected by rising utility cost and cost of cloud in line with higher cloud sales to enterprise customers this year