contract term. In this MDA material, we present financial income statement based on pre-TFRS for comparison with FY18. 2. In 2Q19, AIS received an allocation of 700MHz spectrum (2x10MHz bandwidth). The

the process of archaeological excavation, along with recording and studying the topography of the site of The Customs House. MANAGEMENT DISCUSSION & ANALYSIS 2019 14 FEBRUARY 2020 U CITY PCL 2019 - MD&A

incurred from the acquisition of GLOW. However, the net profit of the company excluding amortization of the difference between fair value and book value of the net assets of GLOW (Adjusted Net Income

2018 Different Sales and service income 3,637 3,824 - 187 -5% 2,851 3,300 - 449 -14% Cost of sales and services 2,941 2,903 38 1% 2,314 2,609 - 295 -11% Gross Profit 696 921 - 225 -24% 538 692 - 154 -22

% ,respectively. As the net profit of the Company and its subsidiary in the six months period of 2017 ended Jun 30, 2017 changed by more than 20% as compared with those of the same period of 2016. Income: (Unit

Analysis - Income Income Structure 2nd Quarter 2019 2nd Quarter 2018 Change (+/-) Mil.Baht % Mil.Baht % Mil.Baht % Revenues from Ferry Service - Fixed routes and schedules 149.58 81.21 155.99 81.08 (6.41

Analysis for the period 3 months June 30 ,2018 as follows:- Million Baht By Consolidation method The Company Q2/18 Q2/17 Q2/Different Q2/18 Q2/17 Q2/Different Sales and service income 978 1,037 -59 -6% 825

the explanation and analysis of the Management for the 2nd quarter of 2020 ended 30 June 2020 as follows. 1. Income, gross profit, net profit Unit : Million Baht 1. Income 2020 2019 2018 Increase

rail business 1,211 1,183 28 2.4 Revenue from commercial development business 177 166 11 6.6 Interest income from the MRT Purple Line Project 99 112 (13) -11.6 Other income 57 61 (4) -6.6 Total revenues

baht. This deduction could compensate the decrease of earned premium net of reinsurance and commission and brokerage income of 110.95 million baht. 2. Investment income and other income increased 23.89