the previous year, mainly due to the sharp lower of purchasing power in most industries, as well as the strong competition in the stainless steel pipe, aluminum and copper. This caused the decreasing in

economy, supported by increased stability, government stimulus, and tourism recovery, despite weaker consumer sentiment, lower private investment, and flood. AIS reported core service revenue of Bt40,799mn

, which is increased by Baht 915 million or 13% compared to the total revenues of Baht 7,165 million for 2017. The increase results from higher revenue from related technology business and lower revenue

. Net Profit decreased by 24% to THB 1,805m in 2019 from THB 2,375m in 2018 due to lower operating profits more than offsetting an increase in exchange gain of THB 319m in 2019. Past Performance Analysis

-Month period ended 31 December 2019. Overall performance of 2019 is lower than our expectation due to: Revenue YoY % QoQ % YoY % Revenue 973.29 850.53 -122.76 -12.61 244.40 212.60 222.62 10.015 4.71

decrease was mainly due to the lower revenues from enterprise solution business. The Group’s profit for the second quarter of 2019 amounted to Baht 70 million, which was decreased by Baht 100 million or an

the Thai economy driven by the relaxation of controls and lower concerns on COVID-19 situation which brought in foreign tourists and increased business activities. Overall, AIS reported core service

lower demand from foreign trading partners affecting the export sector. The local political uncertainties that arose in this quarter further added pressure and caused delayed investment decisions in

lower production labor cost. Gross Profit Margin Gross profit margin is equal to 35.71% in the 1st quarter of 2018, which rose from 27.25% that was booked in the same quarter of 2017. The main cause

represents decreasing of profit 50 Million Baht (391%) from 2017’s profit of 13 million Baht . The main causes for the lower net profit is because the economy was still in the process of recovering in 2017 and