2017 while gross profit margin contributed of 14.32% in 2018, decreased from 16.41% in 2017. GFPT Public Company Limited Management Discussion and Analysis for the Year 2018 Page 4 of 14 Other Income The

) -6.7% (61.26) -8.0% (59.49) -8.2% -2.9% 11.0% Operating profit 115.67 14.5% 103.60 13.6% 83.89 11.5% -19.0% -27.5% Other income 66.33 8.3% 68.50 9.0% 65.05 8.9% -5.0% -1.9% Sales profit 0.02 0.0% 0.19

mostly fixed costs and had the amount close to the manufacturing expenses for the same period of the prior year. Enterprise solution business The Company had gross profit for the second quarter of 2019

three-month period ended 31 March 2020, the Company has one-time expenses, which are • Write off withholding tax and corporate income tax prepaid in 2016 • Loss from investment in fixed income fund of 2.1

of the Company for Q2/2019 in the amount of Baht 243.9 million (Q2/2018: Baht 250.0 million) which decreased by Baht 6.1 million or decreased by 2.4 percent. The profit before finance costs and income

year. Other income for Q2, 2019 are 0.66 million baht which comparable to 0.84 million bath last year with no significantly transaction changes. 2. Cost of sale , Profit margin For Quarter2 of the year

) (70.9 %) 2.7 % Gross Margin 364.5 28.0 % 374.4 29.1 % (2.6 %) Distribution Costs (197.2) (15.1 %) (148.8) (11.6 %) 32.5 % Administrative Expenses (63.2) (4.9 %) (57.9) (4.5 %) 9.0 % Profit before Income

value of financial assets 0.47 0.12% - 0.00% 0.47 0.00% Earning before tax 68.50 17.50% 15.10 6.94% 53.40 353.64% Income tax expenses 1.88 0.48% (0.04) -0.02% 1.92 (4,800.00%) Profit for the year 66.62

services and remittances. The Bank’s operating expenses were Baht 12.8 billion, an increase of 2.0 percent, with a ratio of expenses to operating income of 45.8 percent. Net profit (attributable to the Bank

9M18. 5 3Q19 MD&A Advanced Info Service Plc. Income statement (Bt mn) Pre-TFRS 15 3Q18 2Q19 3Q19 %YoY %QoQ 9M18 9M19 %YoY Mobile revenue 30,895 32,911 32,880 6.4% -0.1% 93,358 97,346 4.3% Fixed broadband