profit 427.9 354.5 73.4 20.7 Net gain (loss) on exchange rate 112.2 (28.3) 140.5 N.A. (>100) Gain on forward contracts 49.5 - 49.5 N.A. (>100) Other income 173.0 14.1 158.9 1,127.0 Profit before expenses

was 5.5%, a decrease from 12.7% in Q1/2017 but improved from 4.1% in Q4/2017. This was mainly due to higher depreciation and finance costs from the Company's investments previously, which has affected

has resulted in a dilution of VGI’s shareholding in MACO from 33.17% to 26.55%. VGI has also reduced its representatives in MACO’s Board of Directors to 2 out of 7 persons (previously: 5 out of 9

the amount of 36.2 million Baht or 9.6 percent. For other income amounted 14.2 million Baht compared previously year 10.9 million Baht. Table below shows the share of revenues in 2017 comprised of

be entitled to receive not less than 400 days’ compensation, compared to 300 days previously Revenue Breakdown Revenue growth YoY Sim&Device Sale IC&TOT Partnership Fixed Broadband Mobile business

weaker to previously average level. Amongst uncertain situation in many countries, Thailand’s post-election government was formed in June. That was a positive factor to promote the country’s stability in

rate in 2009 following the Hamburger crisis. The Committee assessed that the Thai economy would expand at a lower rate than previously assessed and lower than its potential due to a decline in exports

other income amounted 15.3 million Baht compared previously year 18.1 million Baht. In Year 2018, Gain on sale of land and structures held for future development in amount of 167.8 million Baht and Gain

result in an inability to acquire the benefits to Company and for shareholders as when the investment was previously approved. In such case, it is viewed that the Company shall terminate or sell the

1,761 million for 2017, primarily due to an increase in operation and maintenance costs arising from the inclusion of the new power plants described previously. Other Cost of Sales and Service • Other