acquisition date, non-recurring expenses and share of investment in JV and associates. PERFORMANCE ANALYSIS (2017/18 vs 2016/17) 2017/18 was another year of solid progress for VGI. The Company achieved the

joint venture in the micro-loan business, achieved a total outstanding loan balance of THB 1,529mn. The second quarter of 2018/19 (ended 30 September 2018) 3 VGi GLOBAL MEDIA PLC MANAGEMENT DISCUSSION

%) (43.31) 29.4% Gross Profit 126.54 46.2% 164.91 46.4% 38.37 30.3% SG&A (48.13) (17.6%) (69.08) (19.4%) (20.95) 43.5% Operating Profit 78.41 28.6% 95.83 26.9% 17.42 22.2% Share of Profit in Associates 0.15

retained earnings under the Company's financial statement, to the shareholders, at an amount totaling THB 500,000,000 at the rate of THB 0.50 per share and set the record date on August 23, 2019; and to pay

period last year. This was because reducing the number of branches of IT Junction that have not achieved to the target performance. Rental and service income for the 9-month period of 2019 was 430.6

split which came into effect on 31 October 2018, adjusted the par value of both share types to THB 100 per share from THB 1 per share and the rights of U-W1 and U-W4 tradeable warrants to an exercise

aviation industry of 2017, a growth in passenger traffic was supported by 7.6 percent increase in revenue passenger kilometers (RPK) where airlines in Asia-Pacific achieved highest growth at 10.1 percent

) -205% -183% 5,608 2,463 -56% Basic earnings per share (Baht) 1.07 1.35 (1.12) 4.07 1.79 Note: 1/ EBITDA from Refinery Business of the Company, BCP Trading Pte. Ltd. and share of profit associated

the Transaction, the Company will execute a Share Subscription Agreement with conditions precedent and Loan Agreement with conditions precedent in respect of the Transaction (collectively, the

shares of GLAND equivalent to 50.43% of total issued and paid-up shares, for THB 10,162 mn, or at THB 3.10 per share, from a group of major shareholders in GLAND. • Subsequently, CPN Pattaya made a tender