decreased by -8.4% YoY. 9M23 EBITDA increased by 4.2% YoY as a result of an improvement in core service revenue and well- controlled SG&A. The net profit closed at Bt22,084mn, surging 18% YoY driven by

-Speed Internet Service Project in Remote Area and the Network development project of Bank for Agriculture and Agricultural Cooperatives. As the result, the Company received a higher income when compared

has considered additional facts and the study results of the changed cost structure. It was found that the continuation of the project on the basis of the existing guidelines could result in offering no

provision for long-term employee benefits in year 2020. As a result, the Company has to set more provision on employee benefits. Shareholders’ Equity As at December 31, 2020, the Company's Shareholders

company and its subsidiaries’ operating result for the 1st quarter ended 31st March 2020 Unit: THB Million Q1/2020 Q4/2019 QoQ Q1/2019 YoY Total Revenue 43,070 50,146 -14% 45,535 -5% Accounting EBITDA

passenger vehicle segment and commercial vehicle segment by 7.8% and 15.9% yoy respectively. In the equity market, the average daily turnover (SET and mai) for 1Q20 increased by 25.8% from Baht 53,192 million

% YoY as a result of TTTBB EBITDA contribution and business growth. The net profit reported at Bt17,028mn, an increase of 22% YoY driven by operating performance and profit sharing from 3BBIF. SIM

EBITDA increased by 21% YoY as a result of TTTBB EBITDA contribution and business growth. The net profit reported at Bt17,028mn, an increase of 22% YoY driven by operating performance and profit sharing

-month period of 2015 as a result of the profit derived from the disposal of land held for development in the amount of Baht 69.82 million and the profit derived from the disposal of investment property in

Page 1 of 7 Management Discussion and Analysis 2018 Executive Summary The operating result of 2018, Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reached total revenue of