Baht. 9. Key Financial Ratios Key Financial Ratios As of 30 Jun 2016 As of 30 Jun 2017 Liquidity Ratio Current ratio (time) 0.35 0.30 Quick ratio (time) 0.34 0.29 Cash flow ratio (time) 0.82 0.65

excluded 1) Foreign Exchange Gain (Loss), and 2) One-Time (Gain) Loss items. Revenue from Sales and Services In 3Q2018, Revenue from Sales and Services was Baht 443.4 million, a 9.2% increased from Baht

at the end of Q4/2019, thus the Company expects gross profit margin from sales to get back to a normal level in Q1/2020. • In Q4/2018, there were one-time reversal expenses of Baht 83.9 million from

, up by THB 572 million or 81.1% on the back of the rising individual sales in each of CLMV country, particularly by the record high of monthly sales to Cambodia in March 2018 and the all-time-high

. 61% down from 3Q2017. For capital structure of the Group, as at September 30, 2018, the consolidated debt to equity ratio was 0. 43 time and the consolidated net debt to equity ratio was considerably

profit from investments in associates and JVs /2 Gross profit including share of profit from investments in associates and JVs /3 Excluding FX impact and one-time gain/(loss) items In the first 9 months of

comprises of key expenses as follows: (1) staff cost amounted to THB 136 million, up by THB 20 million or 17.5% in correlation to the rising full-time employment to support ACM’s operation and in the increase

order the REIT manager to make correction within the specified period of time, or may govern thereof in accordance with Clause 31. 2 The law on accounting professions means The Accounting Professions Act

% QoQ benefited from a better operating performance, fully depreciated 3G assets, and one-time gain recognized in this quarter. 3Q23 MD&A Advanced Info Service Plc. 2 3Q23 Operational Summary 3Q23

and raw material importation by hedging forward contract from several financial institutions. Industry Overview In 2018, Thailand’s chicken meat export reached an all-time high which equaled to THB