% 3,147.35 100.0% -5.7% Cost of services (652.92) -79.7% (622.36) -79.7% (599.48) -78.4% -3.7% -8.2% (2,631.21) -78.7% (2,491.76) -79.2% -5.3% Gross profit 166.35 20.3% 157.80 20.2% 164.86 21.6% 4.5% -0.9

last year due to the high cost of new business "Wuttisak Clinic". Compare with revenues that occurred in the first quarter of 2018, such as medical services costs, costs of tools and equipment include

MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 MARCH 2018 SG&A expense against only 1.5mTHB consolidated EBITDA contribution, since the acquisition was completed only at the very end of the quarter

profit from associates (non – cash items) total amounted to THB 179.05 million in aggregate and with excluding THB 55.89 million of finance cost and tax expense THB 17.18 million, loss before interest, tax

212.73 8.41 204.32 2,429.49 Cost of construction contracts (492.00) (309.83) 182.17 58.80 (860.25) (643.35) 216.90 33.71 Gross profit 48.31 30.85 17.46 56.61 94.41 71.87 22.54 31.36 Other income 0.15 0.72

) 804.20 100.0% 729.05 100.0% 666.61 100.0% -8.6% -17.1% Cost of services (640.56) -79.7% (585.67) -80.2% (546.49) -82.0% -6.7% -14.7% Gross profit 163.64 20.4% 143.38 19.7% 120.12 18.0% -16.2% -26.6

- Fabrication and Other services 41.42 39.91 1.51 3.78 254.14 48.31 205.83 426.06 Cost of construction contracts (447.80) (311.70) 136.10 43.66 (1,308.05) (955.05) 352.99 36.96 Gross profit 48.34 33.17 15.17

Baht 192,189.05 (or 2.48 times over acquisition cost) while book value of properties for sale was at Baht 23,899.11 million against the appraisal value of NPA at Baht 55,069.43 million (or 2.31 times

% with net interest income increased by 9.4% driven by lower interest expense from continuous cost management while non-interest income decreased by 26.9% from the slowdown in economic activities

. amount Baht 3.09 million. The other income went down 18.48% amount to Baht 5.00 million. 2. The cost of medical treatments when compared to income from medical treatments decreased 2.56% due to the cost of