fees from bancassurance and mutual funds in line with seasonality decline. Compared with the second quarter of 2018, non-interest income fell by Baht 133 million or 1.0 percent due largely to lower gains
to 7 flights per week (May 2019) Krabi-Bangkok (one way) from 21 flights per week to 28 flights per week (May 2019) Add Flight Frequencies by Seasonality Bangkok-Mandalay from 11 flights per week to 14
dividend income, while net fees and service income increased, mainly due to an increase in fees from securities business. Operating expenses decreased by Baht 1,429 million or 10.1 percent due to seasonality
and QoQ. SIM & device sales were Bt6,407mn increasing 13% YoY from more handset units sold while decreasing 23% QoQ due to seasonality. SIM & device margin was -6.7% in 1Q17, compared to -0.3% in 1Q16
mobile ARPU improvement as well as an increasing number of fixed broadband customers. Sales revenue was Bt7,488mn, a decrease 9.9% YoY from softened competition but rose 49% QoQ due to seasonality. Sales
tower agreement with TOT; and increasing +1.6%QoQ. SIM & Device sales reported Bt6,091mn, increasing +1.6%YoY but decreasing -6.7%QoQ as the pent-up demand after lockdown faded and seasonality. SIM
revenue grew 4.1% YoY and 1% QoQ. • Mobile revenue was Bt31,203mn, increasing 1.3% YoY and flat QoQ due partially to seasonality and pricing competition. Postpaid segment continued to grow from increasing
have gradually stopped providing fixed-speed unlimited price plans and expect the impact of suppressed ARPU to slowly be unwind. Handset subsidies remained elevated in 4Q18 due to seasonality while
%, compared to +1.2% in 4Q20 due to decline in high margin devices sale from seasonality. Cost & Expense Cost of service for 1Q21 was Bt21,126mn, increasing 3.9%YoY and 3.4%QoQ from network OPEX following 5G/4G
restriction. The sales decreased -5.2% QoQ from 1Q22 seasonality sales of the new models of mobile phones. However, the sales margin dropped from 1.4% in 1Q22 to 0.2% in 2Q22 due to increased handset campaigns