control over slow moving stock. However, Gross profit of hotel business had more loss by THB 5.41 million causing from the decrease in hotel revenues as mentioned above. Selling and Administrative expenses

(132.48) (865.02) 732.54 84.7 Profit attributable to owner of the Company 5,963.28 5,587.60 375.68 6.7 * excluding fuel cost Increase (Decrease) % The operating result for the year 2019 showed the profit

profit 664.3 37.9% 366.3 31.8% (298.1) (44.9%) Selling expenses 154.4 8.8% 127.2 11.0% (27.2) (17.6%) Administrative expenses 512.5 29.3% 1,012.8 87.9% 500.2 97.6% Other income 83.8 4.8% 531.8 46.2% 448.0

the marketing expenses. AIS reported a net profit of Bt7,180mn, improved 14% YoY and 6.3% QoQ in line with better operating performance, and YoY benefited from a net FX gain. Market and Competitive

. Overall Business Operations The consolidated net profit of the Bank and subsidiaries for the year 2019 totaled Baht 5,988 million, a decrease of 0.9% from Baht 6,042 million in 2018. The consolidated

gains/losses wherein inventory gains decrease the cost of sales and inventory losses increase the cost of sales. Core Net Profit is the Reported Net Profit less extraordinary items less tax adjusted

and allocating not more than 149,975,200 new ordinary shares with a par value of Baht 1 per share by the General Mandate. The Company registered the decrease in its registered capital with the Ministry

: Overall Financial Performance Unit: million baht Jan-Dec 2018 % Jan-Dec 2019 % Change % YoY Revenue 523.23 100.0% 613.86 100.0% 90.63 17.3% Cost 285.52 54.6% 332.39 54.1% 46.87 16.4% Gross Profit 237.71

302.0 164.8 120.12 337.3 646.6 309.3 91.70 Administrative expenses 46.5 64.9 18.4 39.57 107.6 163.9 56.3 52.32 Total Expenses 684.5 1,253.0 568.5 83.05 1,492.6 2,781.7 1,289.1 86.37 Profit before share of

Table 1: Overall Financial Performance Unit: million baht Jan-Sep 2018 % Jan-Sep 2019 % Change % YoY Revenue 380.50 100.0% 440.78 100.0% 60.28 15.8% Cost 217.33 57.1% 238.03 54.0% 20.70 9.5% Gross Profit