enterprise segment focuses on core products like connectivity, 5G digital infrastructure, and platforms, aiming for higher margins through collaboration with targeted industries. Market and Competitive

2018 are as follows: (Million Baht) Operating results of the Company for the three-month periods ended 31 December 2019 and 2018 are as follows: (Million Baht) Revenue by segment Revenue Cost Gross

from revenue recognition by % of completion of projects which were hired on 2016 – 2017 together new projects awarded on 2018 of 11 projects. The portion of each segment revenue of 2017 – 2018 as follows

. In the past, the Group recorded revenue and cost of procurement and fabrication service by percentage of completion according to TAS11. The portion of each segment revenue of Q1-2018 & Q1-2019 as

881 www.aapico.com Management Discussion and Analysis for the 2nd quarter of year 2019 2 Total revenue grew by 11.1% year-on-year, driven by higher sales from the automotive parts segment. Interest

recognized the revenue by completed segment but not yet completed which those reached the invoice. As a consequence, trade receivables decreased, resulting in an increase unbilled receivables. Unbilled

segment on Q3 2018 are following; EPC service 31.96% of total revenue, then SMP & E&I service 28.73%, Civil & Building service 27.74%, and Fabrication and other service 11.57%, respectively. Revenue from

. As a result, the construction segment services income of the Group are varieties into each service segment. Due to customer’s requirement which are not focusing on any particular service group. 2

devices to deliver bundled solution to clients. Together, Humanica and Tiger will be able to offer a suitable HR technology to every segment of the market from small to large corporations. Leveraging on

Department of KT (Subsidiary) Daughter of Mr. Virach Sirimongkolkasem 2.87% 5) Ms. Papinya Sirimongkolkasem Vice President, Feed mill Department of KT (Subsidiary) Daughter of Mr. Virach Sirimongkolkasem 2.82