://market.sec.or.th/public/idisc/Download?FILEID=dat/news/201808/18075120.pdf Microsoft Word - MD&A Q32018 - ENG.doc (%) 8.7 4.7 EBITDAR Margin (%) 18.9 17.6 Net profit Margin (%) 3.2 (0.5) Return on Equity (%) 3.0

which was 29.9% , due to an increase in project income with a larger project value in the Q1– 2024, resulting in more fixed expenses to be covered Operating Results and Capabilities to Make Profit

. While other income of 4th quarter of 2019 slightly decreased 8.23 percent, since the 4th quarter of last year had booked for gained of fixed assets sold. 1.2 Cost of goods sold and expenses Consolidated

% Change Sales and Service Income 1,979.16 1,986.34 -0.36 Cost of sales and Services 1,525.25 1,449.23 +5.25 Selling and Administrative Expenses 243.94 197.78 +23.34 Share of profit (loss) from investments

) 0.7 N.A.(

0.7 (11.4) N.A.(

(43.6) (49.6) (49.5) (51.8) 2.3 4.6% (132.1) (194.5) 62.4 47.2% Profit before income tax 287.0 342.5 345.7 157.8 (187.9) (54.4%) 1,374.2 1,133.0 (241.2) (17.6%) Tax income (expenses) (12.1) (26.8) (29.0

million, which is increased by Baht 5 million or 19% compared to those of the prior year. It is due to the higher long-term loans used for the acquisition of fixed assets of the Group. Income tax expenses

) (29.1) (32.6) (35.9) 3.3 10.1% (141.4) (132.1) (9.3) (6.6%) Profit before income tax 344.9 433.9 417.3 178.1 (239.2) (57.3%) 1,607.9 1,374.2 (233.7) (14.5%) Tax income (expenses) (22.5) (50.2) (35.9) 15.8

(EBIT) 1.89 21.68 -91.27 5.34 -64.60 24.91 76.10 -67.27 Financial costs 0.04 0.03 41.94 0.04 7.32 0.13 0.10 29.00 Income tax expenses 0.05 4.26 -98.75 1.24 -95.72 3.15 15.04 -79.07 Net profit 1.80 17.39