consumer sentiment worsened. As in the previous quarter, in Q4 the main lime consuming sectors of the industry were impacted by the macro economy. However, despite the current challenges in the economy

pressuring net profit margin 2) higher depreciation resulted from additional investments in plant, machinery, and office renovations to improve production efficiency and reduce production cost, in order to

future. The new preventive measures will also come with traceability, enhancing the ability to trace back the route of the product. At the current stage, the Company is working on process improvement

21.8% 89.0% EBITDA 100 103 115 11.4% 14.7% Net profit from operation 49 39 38 -2.9% -22.3% Net profit (exc. Minority Interest) 62 33 39 19.0% -36.9% Gross profit margin 61.0% 33.7% 37.9% EBITDA margin

current situation. BAC reduced 30 per cent of total employee BFS Ground reduced 70 per cent of total employee and BFS Cargo reduced 15 per cent of total employee. Management’s Discussion and Analysis

CAPEX guidance. In summary for 1H18, AIS delivered core service revenue growth of 4.9% YoY and EBITDA margin (excluding equipment rental) of 47.0%. FY18 guidance is revisited with the expectation of core

Airport Media, while Trans.Ad Group’s cost is mainly from hardware and software. As a result, overall gross profit margin was decreased from 46.9% to 35.6%. THB (mn) 2018 (Restated) 2019 YoY (%) Operating

to the aforementioned consolidation and cost of digital billboards network. As operating revenue increased more than cost of sale, Gross profit margin grew to 63.3% from 56.1% in the same period last

%) YoY, resulting from the achieved growth in EBITDA for both the Food Business and the Hotels Business of 22.8% and 1.8% respectively. With regards to the EBITDA Margin, the Hotels Business achieved an

(down 40% yoy) because FA EBITDA margin was decreased from lower Market P2F margin. However, the company recognized profit of THB 27 million from investments in the Thai Ethoxylate Company Limited (TEX