18.5% in 2Q17. Financial position Comparing to Dec-16, total assets were Bt279,731mn and rose 1.5% from higher network and PPE following 4G expansion. Total liabilities were Bt237,838mn and increased 2.1

Bt7,725mn decreasing 3.5% YoY but increasing 1.5% QoQ. Normalized net profit was Bt8,234mn increasing 2.9% YoY and 8.1% QoQ, as a result of EBITDA expansion partially offset by higher D&A. Financial position

was Bt8,005mn increasing 11% YoY and flat QoQ, following EBITDA improvement. Effective tax rate stayed at 17% given the recognition of tax incentives from investments last years. Financial position As

% YoY but decreased 5.5% QoQ, while net profit decreased 7.2% YoY and 13% QoQ. Financial position As at end of Sep-18, total assets increased 2.6% from Dec-17 to Bt291,392mn mainly from the acquired

% (2,766.3) (3,674.1) 32.8% Gross profit 496.5 463.7 464.1 0.1% (6.5%) 1,401.5 1,399.4 (0.1%) Net gain (loss) on exchange rate 83.6 86.7 113.7 31.1% 36.0% 169.6 195.8 15.4% Gain (loss) on forward contracts 6.0

) (256.0) N.A.(100) 12.2 1.3 (10.9) (89.3%) Other income 3.7 7.9 1.5 3.8 2.3 153.3% 12.8 16.9 4.1 32.0

subsidiaries (“the Group”) as follow: * Extraordinary items from non-operating, consists of unrealized gain (loss) on exchange rate of receivable under finance lease and gain (loss) on forward contracts

Group”) as follow: * Extraordinary items from non-operating, consists of unrealized gain (loss) on exchange rate of receivable under finance lease and gain (loss) on forward contracts. Consolidated

2323 1085..96 Fax. 66 2323 9283 Management Discussion and Analysis (MD&A) Business operating results and financial position for the year 2018, in which the equity method is applied, of the Company could

24.9% to THB 51mn from THB 41mn in the same period last year. FINANCIAL POSITION MACO started the consolidation of COMASS’s statements of financial position since 30 June 2017 (the date on which the