exchange Earnings from operation before change in operating assets and liabilities Operating assets (increase) decrease Long-term deposits at financial institutions Securities purchased under reverse

securities (Gain) Loss from assets distribution (Gain) Loss from foreign currencies exchange Earnings from operation before change in operating assets and liabilities Operating assets (increase) decrease Long

Operating assets (increase) decrease Long-term deposits at financial institutions Securities purchased under reverse repurchase agreement Temporary investments Receivables from Clearing House Securities

to mid-single digit, while maintaining EBITDA outlook with low-single digit decline and CAPEX of around Bt35bn. Market and Competitive Environment In 3Q20, mobile competition remained stable as all

seasonal demand from Chinese New Year. FA Market P2F in 2Q2018 was at 465 USD/ton, decreased by 119 USD/ton or 20% yoy because CPKO price in Q2/2017 was sharply drop while Natural FA price was slower

EBITDA was recorded at THB 88 million, a decrease of THB 49 million or 36% from the same quarter of previous year. This was primarily impact from declining of glycerine price driven by rising of global

Baht 204.2 million, due mainly to the decrease in expected credit losses by 39.5% and decreased by 32.4% when compared to the first quarter of 2020 with the net profit of Baht 828.8 million, due mainly

would increase and service revenue would decrease. Also, device subsidy recognized as marketing expense will be capitalized as contract assets and amortized against the service revenue over the customer

Baht 859 million or 17% as a result of GLOW’s power plants have reached the Contracted Availability Hours set out in the PPA in December 2019, resulting in the decrease of Availability Payment in Q4/2019

% yoy) because EBITDA from FA business was lower due to stock loss as CPKO price drop. Moreover, the company recognized profit of THB 20 million from investments in the Thai Ethoxylate Company Limited