debt, and was flat QoQ. The average cost of borrowing slightly increased from 2.5% to 2.7%. Income Tax was at Bt1,467mn, decreasing -6.6% YoY and 4.9% QoQ, following the decline in profit before tax. The

from ‘International Advertising’  Expanded our footprint to Vietnam market – the fastest growing economy in Southeast Asia  Net profit excluding minority interest was THB 161mn KEY BUSINESS AND

% in Q3/2016 to 3.30% in Q3/2017. Net Profit For nine-month period of 2017, the Company had consolidated operating income of 2,547 million baht, increasing by 29%y-y, and reported net profit attributed

%) Gross Profit 192.41 39.9% 237.71 45.4% 45.30 23.5% SG&A 82.75 17.2% 97.39 18.6% 14.64 17.7% EBITDA 155.43 32.2% 186.69 35.7% 31.26 20.1% EBIT 109.66 22.7% 140.33 26.8% 30.67 28.0% Interest Expenses (0.80

2023. Core operating profit (defined as Earnings before Interests and Taxes exclude interest income, gain (loss) on exchange rate and other irregular items) reached Baht 618.2 million in Q3 2023; a 5.6

of income from investment in associate 0.25 0.40 -0.15 -37.5% Corporate Income tax expenses -14.83 -11.74 -3.09 26.3% Net profit for the period 59.32 47.10 12.22 25.9% Profit Sharing for non

Table 6 IVL Consolidated Statement of Income ($ Million) 13 Table 7 Calculation of Core EBITDA ($ Million) 14 Table 8 Calculation of Core net profit ($ Million) 14 Table 9 IVL Consolidated Statement of

from the previous quarter of 4Q17. When comparing yoy, the net income for 1Q18 declined slightly by 0.7% comparing to net profit for 1Q17 of Baht 1,524 million. The consolidated comprehensive income for

1,305 million from the previous quarter of 4Q17. When comparing yoy, the net income for 1Q18 declined slightly by 0.7% comparing to net profit for 1Q17 of Baht 1,524 million. The consolidated

charges, breakage revenues on ticket expiry which aligned with growing number of passengers, in addition with rental income and interest earnings. 15 ASIA’S BOUTIQUE AIRLINE Share of Profit from Investments