addition, cost of service also increased in relevant to the opening of the projects. Moreover, financial cost decreased due to the prepayment fee from re-financing which recognized as expense total Baht 212

nine-month period of 2015 due to usage of construction costs based on the progress of work. 4. Profit from disposal of immovable property 4.1 Profit from disposal of land held for development For the

grew by 34.8% YoY from THB 79mn to THB 106mn, mainly due to the aforementioned consolidation and cost of LED screens. As operating revenue increased more than cost of sale, Gross profit margin grew to

novation has no effect to the required Debt to Equity ratio due to the MRTA is fully responsible for the loan repayment according to the concession agreement. Overview Operational Results In the third

, the Compa 9M/2016 MB 300.0 597.5 608.9 124.7 299.8 rter of 2017 n baht or an s were 9,04 increase ra or an increa s period of 8 percent. set and Cam diary and a er of 2017 nd other se due to the since

3Q17, sales progress reached 91%. The project was due to complete in 3Q19. Management Discussion and Analysis 3Q17 & 9M17 Consolidated Financial Results Page 2 of 6 • In February 2017, the Company

increase of 467 million baht or 4% y-y. For the third quarter of 2017, revenues amounted to 4,677 million baht, increasing by 317 million baht or 7% y-y and 3% q-q, due to an increase in credit card and

time Excessive Charge in 2017 was Baht 63.5 million. Our Gross Profit Margins excluding Other Income from Utilities Business improved from 27.9% in 2016 to 30.4% in 2017 mainly due to increased selling

value adjustment of investment due to reclassification in the amount of Baht 2,030 Million, net of corporate income tax. 4. On September 21, 2018, the Supreme Administrative Court rendered the judgement

Beverage Business In 2018, the total revenues of DEAN & DELUCA were 2,434 million Baht, decreased by 23% as compared to 2017. This was due to closure of a total of four stores and decrease in the sales of