, an increase of THB 41.4 Mn or 274.2%. This increase was mainly due to the (1) full year recognition of franchise fee and (2) the increased number of franchisee branches. Zen Corporation Group Public

in 2016 to Baht 357.72 million in 2017, or 9.49%, due to the increasing competition from the market and customers were unable to install them that affected sales recognition did not on the target

2017. There is a gross loss of 22.78% due to the expected loss estimation from one of the current construction projects. For all other completed projects in 2018 with 10% of gross profit margin still

with revenue from sales and services of THB 937.9 million, declining THB 308.4 million or 24.7% from the same year of the previous year. Furthermore, gross profit margin declined from 22.1% in the

and 2017 are 143.90 million THB and 318.86 million THB respectively, resulting in gross margin of 17.66% and 15.39%. Cost of sales can be broken down for turnkey business and for supply and maintenance

a near-zero margin contribution. This will partially be offset with a full- year recognition of payments to TOT for the use of spectrum, towers, and equipment. Overall, we expect the consolidated

acquired in the third quarter of 2020. In addition, sales of municipal solid waste power plant increased from revenue recognition of municipal solid waste power plant in Krabi which started its commercial

increase of the number of Internet users; the ongoing expansion of the e-Commerce market; and the growing recognition of these media as effective advertising and marketing tools. Within the OOH media

% 13.5% EBITDA 444 507 501 -1.2% 12.9% EBIT 333 384 380 -1.1% 14.1% Interest expenses 25 15 18 18.6% -27.8% Tax 83 82 76 -7.3% -8.6% Net profit1 202 261 260 -0.4% 28.8% Gross profit margin 60.4% 63.6% 55.5

/ Margin 31.00 26.56% 30.26 26.21% Net Profit / Margin 5.30 4.54% 7.52 6.51% Revenue from sales and services The Company’s sales and services revenue was reduced by THB 1.22 million or equivalent to 1.05