2021, together with the government’ measures; the subsidy to crude palm oil and crude palm kernel oil export which led to the domestic crude palm oil stock level of 200,000 tons in 2021, causing the
sharp drop in tourist SIM while postpaid acquisition and handset subsidy slowed down from temporary shop closure, resulted in slower net add. With intense competition in prepaid and reintroduction of
advertisements and handset subsidy campaigns post COVID-19 lockdowns which reflected in last year’s low base. • Admin & other expenses at Bt15,327mn, decreased -2.2%YoY, mainly from cost control initiatives and
a government tax campaign. The sales margin continued increasing from 4.7% in 1Q24 to 6.0% in 2Q24 due to subsidy optimization and higher mixed of high-margin handset. 2Q24 MD&A Advanced Info Service
1Q24, which included a government tax campaign. The sales margin continued increasing from 4.7% in 1Q24 to 6.0% in 2Q24 due to subsidy optimization and higher mixed of high-margin handset. 2Q24 MD&A
subsidy optimization and lower roaming revenue from seasonality. VOU dropped QoQ reflects seasonality while continued growing from last year in line with customer demand. 5G subscribers reached 25% of the
waiver until the end of April 2019 ; and 3.) other supporting factors, namely government subsidy to the low-income citizens to stimulate near-term consumption, as well as strong investment outlook in
growth; 2.) slow pace of growth in tourism sector which supported by number of tourists from India, Japan, Hong Kong and Malaysia offset an unrecovered of Chinese tourists; and 3.) government subsidy to
investment in infrastructure 3.) growth in private consumption continues despite a lower rate of growth however, government subsidy to the low-income citizens could help stimulate near-term consumption