up. As a result, core service revenue in 3Q18, which excluded IC and equipment rental, was Bt33,134mn, increasing 2. 1% YoY but decreasing 0. 9% QoQ. EBITDA remained growth YoY but softened QoQ Cost

year. The reasons for an increasing of revenues can be explained as following; 1. Revenues from collection of purchased accounted receivables was 341 million Baht which increase from the same period last

was Bt33,962mn, increasing 2. 5% YoY and 0. 8% QoQ, against the mid- single digit growth FY19 guidance. EBITDA stood at Bt18,906mn, flat YoY but increasing 4.6% QoQ following revenue improvement and

CSL outstanding shares. Following the acquisition, AIS will have greater capability to serve increasing business demand for digital solutions e.g. Cloud, business solutions, and managed services in the

under a Power Purchase Agreement) increase 10.8% QoQ from Baht 1,637.7 million to Baht 1,814.8 million. The increasing of Baht 177.1 million mainly derived from sales of natural gas power plant which

revenue from finance lease under a Power Purchase Agreement) increase 1.6% QoQ from Baht 1,814.8 million to Baht 1,843.5 million. The increasing of Baht 28.7 million mainly derived from sales of biomass

gains despite an increasing trend of electricity Ft rate since May 2017. Costs of food and beverages Costs of food and beverage constituted costs of operating in-mall food centers, as well as depreciation

cost-to-revenue ratio is expected to be similar to the magnitude of last year amidst the increasing trend of electricity Ft rate. • Higher operating and depreciation costs of newly opened malls and

view on education business was in the same direction as our hotel business. Despite a lower YoY performance of DTC’s education business in 1H20 due to a temporary closure of Dusit Thani College and Le

, due to the efficiency of the fund managers in selecting or finding an appropriate timing to invest in securities. Beta refers to the level and direction of changes in the rate of return of securities in