Quarter Change (%) 1/2018 4/2017 1/2017 4/2017 1/2017 Net profit * 9,005 8,496 8,305 6.0% 8.4% Earnings per share (Baht) 4.72 4.45 4.35 6.0% 8.4% Net interest margin 2.34% 2.31% 2.35% 0.03% (0.01)% Net fees

              21  5.  3. 3. 29% 301,50 106,50 51 th service and S ance of 4‐5%. T e  larger  subscr nse and 4G net or handset subs EBITDA margin w profit declined Fixed broadban and 34% QoQ. has  increased

shall be reflected in the Company and subsidiaries’ consolidated financial statement with increasing proportion from 51.0% to approximately 84.3% of shares after the transaction is settled which is

investment in ICUK, which is indirectly held by CVHLUX. ICUK’s performance and financial position shall be reflected in the Company and subsidiaries’ consolidated financial statement with increasing proportion

Microsoft Word - MD฿A ประจำปี 2560_E 1 -1- Management Discussion and Analysis for the Year 2017 1. Operating Results (Company and Subsidiaries) Consolidated revenue for the twelve months of year 2017

assets 111.41 0 Total liabilities 1,009.15 42.86 Minority shareholders 0.00 0 Net tangible assets (NTA) 805.95 (6.78) Net profit for the last 4 quarters * 29.47 (0.27)  Calculation of transaction size

n.a. Finance cost (290.7) (200.8) 44.7% (281.2) 3.4% Share of profit/loss from JVs/associates (equity income) (430.4) 284.1 n.a. (238.4) (80.5%) Reported Net Profit/(Loss) (1,213.1) 390.3 n.a. (806.6

Shareholder Ordinary Shareholder (UNOFFICIAL TRANSLATION) Factsheet Information as of [day/month/year] 3 Summary of the Financial Position and Operating Results in the Consolidated Financial Statements for the

of 8.96 percent of the net tangible asset value under the consolidated financial statements as at December 31, 2017. Upon combination with other connected transactions over the past six months prior to

(2004) dated 29 October 2004 (as amended) where the calculation of transaction size will be based on (1) the financial statements in which equity method is applied of the Company and the consolidated