investment units from the Company and front-end fee income from ONE Asset Management Limited (The Company’s subsidiary). 1.3 Interest on margin loans The Company’s interest income on margin loans in 1Q2018

other income. Net profit margin was at 4.2% . Revenues The structure of revenues for the year ended 31 December 2019 and 2018 are as follows; Unit: THB million Y2019 Y2018 % Change 1. Revenue from sales

percent compared to the third quarter of the previous year, mainly from a decrease in interest income on margin loans. 1.4 Gains and return on financial instruments The Company’s gains and return on

(59.64) -13.5% Cost 348.48 384.03 Gross profit 34.96 59.05 (24.09) -40.8% Gross profit margin 9.1% 13.3% Other income 1.04 0.14 0.90 Selling & Admin expenses 28.14 33.31 (5.18) -15.5% 7.3% 7.5% Finance

margin increased by 9.35 million Baht, which increased of 21.58 percent. Net Loss For the three months period ended March 31, 2018 the Company had a net loss of 4.22 million Baht or 1.57 percent of income

in Smart Vending Machines Transaction Date Within March 2018 Investment Cost Not exceeding Baht 100,000,000 (approx. 800 machines) Source of Fund Loan from FERRUM Benefits To secure recurring income

/ -Decreased / -Decreased Brokerage fees income 198.39 (150.18) 198.39 (150.18) Fees and services income 8.37 (8.45) 8.37 (8.45) Interest income on margin loans 14.63 (3.16) 14.63 (3.16) Gain (loss) and return

% to 11.0% amount Baht 26 million. 2019 2018 Revenue 1,292 1,233 59 5% Cost 1,150 1,117 Gross profit 142 116 26 22% Gross profit margin 11.0% 9.4% Other income 6 1 5 500% Selling & Admin expenses 83 90

decrease in interest income from bond investment and interest income on margin loans. 1.4 Gains (losses) and return on financial instruments The Company’s losses and return on financial instruments in first

Baht 1.60 million. This was mainly caused by the lower revenues derived from fee and service income, interest on margin loans and return on financial instruments. However, KT ZMICO’s operating expense