outsourced warehouse and logistics. The gross profit grew from THB 602.8 Mn in 2017 to THB 703.6 Mn in 2018, an increase of THB 100.8 Mn or 16.7%. The gross profit margin decreased slightly from 24.3% in 2017

170.5 Mn in the three months ending 31 March 2018 to THB 166.5 Mn in the same period of 2019, a decrease of THB 4.0 Mn or 2.3%. The gross profit margin decreased from 24.0% in the three months ending 31

The net profit and gross profit margin of the Company and subsidiary companies increase 44.24% and 6.82% respectively from the same quarter of the previous year. 40% was the income recognized from two

% Gross profit 86.16 82.23 3.93 5% Gross profit margin 29% 28% SG&A 58.00 52.09 5.91 11% EBITDA 57.50 60.28 -2.78 -5% EBITDA margin 19% 20% Depreciation and amortization 28.53 29.44 -0.91 -3% EBIT 28.97

guidance of low single-digit decline YoY, with a margin of 45.4% increased by 50bps compare to 9M19. Net profit (Pre-TFRS 16) decreased by -13%YoY from network investment, spectrum acquisition as well as

2.19 3.10 -0.91 -29% Total revenues 211.76 184.87 26.88 15% Cost of sales and services 153.62 136.23 17.39 13% Gross profit 55.51 44.98 10.53 23% Gross profit margin 26% 24% SG&A 42.04 44.50 -2.46 -6

-22% Other income 2.00 2.08 -0.08 -4% Total revenues 231.27 294.76 -63.49 -22% Cost of sales and services 168.62 207.08 -38.47 -19% Gross profit 60.65 85.60 -24.95 -29% Gross profit margin 26% 29% SG&A

52.39 22.46 43% Gross profit margin 25% 26% SG&A 54.22 41.26 12.96 31% EBITDA 54.21 33.70 20.51 61% EBITDA margin 18% 17% Depreciation and amortization 32.48 20.43 12.05 59% EBIT 22.28 12.35 9.93 80

statements The net profit and net profit margin of the Company and subsidiary companies decrease 5.34% and 0.81% respectively. The income recognition of three projects completed in Q1/2018 accounts for 32% of

and sales of construction materials dropped, gross profit margin rose from 7.73% to 7.97%, resulting in slight decline of gross profit. Besides, in Q1 2017, the Company had gain on sales of investment