%. 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

net profit ratio (ROS) from 17.16% in the nine-month period of 2018 to 15.74% in the same period of 2019. The total expense to total revenue ratio increased from 13.55% in the nine-month period of 2018

1,089 million Impact to P/L ▪ For the three-month period ended 31 March 2020 Recognised rental expense THB 23.4 million ▪ For the three-month period ended 31 March 2020 Recognised depreciation expense THB

% 263.3 (142.7) -406 -154.2% Revenues Analysis The Company’s total revenues for the second quarter of 2018 equal to 3,183.7 million baht more than the same period for last year at 153.1 million baht or an

profit margin of the Group was at 60.9%, equal to the Gross profit margin of Q1/2017. 1.2.2 Administrative Expenses In Q1/2018, administrative expenses was of Bt131.2 million, declined by Bt4.7 million or

for 2018 is decreased from 28% to 24%. It is due to higher depreciation expense of top-up kiosks. Expenses and expenses to revenues from main business 2018 2017 Increase (decrease) Million Baht

another expense which was a fixed cost that continues to occur even if the revenue was decreased. Financial Analysis of the company As of September 30, 2018, the Company has financial position that changed

Baht 189.16 million and Baht 186.97 million, accordingly. Gross profit slightly increased by Baht 2.19 million or 1.17 percent. Selling and Administrative Expense (12 months) Selling and administrative

a gross profit margin equal to 63.18 %. Selling Expenses Selling expenses of the Company and its subsidiaries in the 1st quarter 2020 were 29.99 million baht but when compared to total revenue

2,144.6 2,184.4 (39.8) (1.8) Interest expense (866.1) (1,026.8) (160.7) (15.7) Net interest income 1,278.5 1,157.6 120.9 10.4 Fees and service income 227.4 212.3 15.1 7.1 Fees and service expense (50.2