insurance to be a selling agent of unit-linked life insurance policy shall be investor contact who performs duty of selling unit-linked life insurance policy approved by the Office Chapter 2 Renewal for

comprising of equity brokerage revenue of Baht 255 million and derivatives brokerage revenue of Baht 31 million. Additionally, PSEC also had brokerage revenue from selling agent fees of Baht 99 million. 2

customers to switch an operator, pressuring industry’s ARPU. Convergence players continued their focus on cross-selling to increase revenue per household. Moreover, with development in game industry, low

tons) 197 377 EBITDA 155 132 Net Profit (Loss) (72) (451) HR C HRC Sales (k tons) 197 377 HRC Production Volume (k tons) 204 363 HRC Average Selling Price (THB./ton) 19,891 20,709 HRC Cash Margin (THB

22.6% 2,781 2,452 13.5% Selling and distribution expenses 989 846 16.9% 1,873 1,769 5.9% Administrative expenses 470 344 36.6% 908 682 33.1% EBIT 889 815 9.0% 1,987 1,788 11.1% EBITDA 1,121 1,077 4.1

year. Selling, general and administrative expenses (“SG&A”) increased by 64.2% YoY from THB 64mn to THB 106mn. In this quarter, the Company recognised acquisition-related expenses of VGM and Trans.Ad of

/(Decrease) 1H 2017 1H 2018 Increase/(Decrease) THB mm THB mm THB mm % THB mm THB mm THB mm % Selling expense 161.2 68.4 (92.9) (57.6%) 194.1 115.7 (78.5) (40.4%) Administrative expense 306.3 314.6 8.3 2.7

driven by the growth in Revenue mentioned above and the decrease in Selling and Administrative expenses (“SG&A”). The Company’s net profit was THB 1m, representing 101.2% growth yoy by inverting from the

% THB mm THB mm THB mm % Selling expense 161.2 68.4 (92.9) (57.6%) 194.1 115.7 (78.5) (40.4%) Administrative expense 306.3 314.6 8.3 2.7% 599.8 582.6 (17.3) (2.9%) Finance costs 418.9 337.9 (81.0) (19.3

1.4% Total Revenue 1,791.0 747.9 139.5% 1,481.5 20.9% Operating expenses 611.3 235.9 159.1% 518.5 17.9% Selling and administrative expenses 767.8 471.3 62.9% 698.9 9.9% EBITDA 387.2 44.2 774.5% 272.6