and administrative expenses 876,828 1,114,444 2,370,976 523,122 Total expenses 3,086,743 3,114,904 4,070,684 1,453,210 Profit (loss) before finace cost and income tax expense (536,783) (1,008,565

% 2,106,339 100% 1,890,324 100% 1,230,767 100% Cost of sale of goods and rendering of services 2,209,915 2,000,460 1,699,708 930,088 Selling and administrative expenses 876,828 1,114,444 2,370,976 523,122 Total

rate Costs of services - - 103,322 49,456 Contract rate Commission expenses - - - 277 Contract rate Rental expenses - - 1,899 - Contract rate 1 Information Memorandum regarding the Acquisition of Assets

electricity Ft rate. • Higher maintenance, repair and personnel expenses to support the expansion of new shopping malls. Cost of food and beverages Costs of food and beverage constituted costs of operating in

Group’s cost structure is characteristically higher than MACO’s core business, as a result of higher computer, software and installation expenses. The cost of sales comprised of cost of advertising services

1,158 25.9% 4,241 3,611 17.5% Selling and distribution expenses 1,026 825 24.3% 2,899 2,595 11.7% Administrative expenses 433 333 30.0% 1,342 1,016 32.1% EBIT 1,008 942 7.0% 2,995 2,730 9.7% EBITDA 1,247

) (1,534.44) 511.79 33.35 Gross Profit (Loss) (65.56) 28.36 (93.92) (331.17) Sales & Administration Expenses and Financial Cost and Tax Expense (107.46) (108.80) (1.34) (1.23) Net Profit (Loss) (156.50) (72.32

7,883 13.5% SG&A 1,446 1,337 8.3% 5,688 4,947 15.0% Selling and distribution expenses 1,002 903 11.0% 3,902 3,498 11.6% Administrative expenses 444 434 2.5% 1,786 1,449 23.3% EBIT 1,004 1,073 -6.5% 3,999

maintained both YoY and QoQ.  Other costs of service were Bt1,537mn decreasing 3.7% YoY and 0.1% QoQ. 1Q17 MD&A Advanced Info Service Plc. 3 SG&A expenses were Bt5,439mn decreasing 33% YoY and 32% QoQ mainly

Other incomes 262.24 224.88 37.36 16.6 Total revenues 4,442.69 3,994.95 447.74 11.2 Cost of sale and rendering of services (excluded Fuel Cost) 1,333.23 1,244.20 89.03 7.2 Administrative expenses 389.70