revenue”, grew 5.4%YoY from the demand for EDS and Cloud. Network OPEX excluding cost of TOT partnership was +9.4% increase YoY, as the base rental and utilities increased from 4G/5G network expansion

services was THB 45,535 million, an increase of 3% YoY mainly increased from the BCP Trading Pte Ltd.’s trading transaction expansion; both from the increased volume of transaction for the entire product

respectively, an increase of THB 41.1 Mn or 9.2%. This increase was mainly due to (1) increased staff to support the branch expansion for the restaurants which the company owns itself as well as franchise

/quarter), network opex would be relatively flat YoY. QoQ, network opex increased 1.6% from 2CA and 3CA expansion.  Other costs of service were Bt1,593mn, increasing 4.9% YoY from higher content costs as

million baht. As a result, the expense to income ratio (Cost-to-Income Ratio) this year increased to 39.7%, driven from the expansion of subsidiaries in overseas. However, the Company will be able to manage

(5.5% of revenue from 10.5% in 2016). Network OPEX was flat QoQ but increased 99% YoY mainly from 4G expansion and addition of TOT partnership payment. EBITDA margin improved to 44.6% from 36.4% in 4Q16

ongoing 5G network expansion. Network OPEX increased 10% YoY due to TTTBB consolidation and higher network utilization. Total SG&A increased by 18% YoY, from a 25% increased of admin expense due to higher

license in 4Q23, and ongoing 5G network expansion. Network OPEX increased 10% YoY due to TTTBB consolidation and higher network utilization. Total SG&A increased by 18% YoY, from a 25% increased of admin

737 million resulting from long-term loan agreements with the financial institution. “Electricity and Steam sales volume increased due to the expansion of power generating capacity after COD of both

the operation of the power plant. “Electricity and Steam sales volume increased due to the expansion of power generating capacity after the first full operation quarter of both phases of IRPC-CP” 2