equipment rental, while SG&A was flat and dropped QoQ as marketing activities slowed down. EBITDA (pre-TFRS16) was Bt19,576mn, increased 3.8% YoY and 1.1% QoQ with a margin of 45.7%. Net profit (pre- TFRS16

, representing a decrease from the end of the previous year by Baht 1,472 Million. Significant Financial Ratios* For the first quarter of the year 2018, the Company had Net Profit Margin ratio at 18.65 percent

QoQ comparison showed a 56% drop as that of 4Q17 incorporated profit of a non-recurring income from the recognition of the upfront lease payment of Singha Complex, as mentioned previously. Profit margin

reason was the lower average selling price due to fewer big projects & price competition while the prices of plastic raisin rose, and then caused lower gross profit margin.                         WIIK

(Day) 32.5 33.9 Profitability Ratio Gross Profit Margin (%) 8.0 15.0 Operating Profit Margin (%) 2.0 8.7 EBITDAR Margin (%) 13.2 18.9 Net profit Margin (%) (0.6) 3.2 Return on Equity (%) (0.5) 3.0

energy projects. In 2019, SAAM Group’s gross profit amounted to THB 52.78 million, representing gross profit margin of 73.50%, a THB 1.85 million or 3.62% increase from the previous year (in 2018: THB

2019 to Baht 11,485 million and 33.4% y-on-y in Q4’2019 to Baht 2,938 million due to portfolio expansion through project COD and the acquisition as mentioned. • EBITDA margin increased to 26.0% in 2019

). The growth in cost of services was in line with the growth in revenue. As the end of 2019, we have slightly improved the gross margin from 45.4% to 45.9%. Gross Profit As a result of overall

decrease in rental space from the closed down IT Junction Branches. Resulting in gross profit was equal to 169.5 million Baht, increasing by 8.5% percent, representing a gross margin at 18.2% from total

increasing service costs Gross profit margin for the year For the year ending December 3 1 ,2 0 1 9 was 15 . 8 6% and for the year ended December 31 ,2018 was 20.60% , decreased from the previous year because