income until the gross profit being reported differently from the previous periods PAGE 2 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1 2019 The Proportion of Gross Profit in Q1/2019 Operating performance by

, when including comprehensive gain, had total gain of Baht 114 million. The consolidated net profit for 1Q19 totaled Baht 1,228 million, a decline of 13.9% from Baht 1,427 million from the previous

, we plan to invest at a similar range to the previous year with Bt20- 25bn in total, of which Bt4-5bn allocated for fixed broadband. This budgeted CAPEX is mainly for 4G capacity expansion incorporating

transaction, the revenue from other business should increase by 7.0% In 1Q19, net loss in EBITDA from other business was THB 61 million, a decrease of 167.0% from previous year as aforementioned. Earnings

acquired all shares of SQL from the previous shareholders. Whereby SQL undertakes the business of manufacture and distributor of Lime which is similar to the Company’ s business. According to the share

more 4G and continued 3G, we plan to invest at a similar range to the previous year with Bt20-25bn in total, of which Bt4-5bn allocated for fixed broadband. This budgeted CAPEX is mainly for 4G capacity

% 2. ECONOMIC SITUATION Thai economy in Q2/2019 moderated from previous quarter. The global demand weaker from protectionist trade policies between the US and China, which effected to export sector

exchange effect. In addition, HPC generated electricity less than in the same period of the previous year. Management Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 2019

the previous factory to the new factory complex located on Bang Pakong district, Chacheongsao province amounted to THB 6 million and consulting fees in related to the overseas businesses amounted to THB

accommodate business expansion and (iii) EBT of UE. Reported share of net profit from associates/JVs was THB 9mn (compared to a net loss of THB 2mn in the same period of the previous year). Following the EBT of