212.73 8.41 204.32 2,429.49 Cost of construction contracts (492.00) (309.83) 182.17 58.80 (860.25) (643.35) 216.90 33.71 Gross profit 48.31 30.85 17.46 56.61 94.41 71.87 22.54 31.36 Other income 0.15 0.72

- Fabrication and Other services 41.42 39.91 1.51 3.78 254.14 48.31 205.83 426.06 Cost of construction contracts (447.80) (311.70) 136.10 43.66 (1,308.05) (955.05) 352.99 36.96 Gross profit 48.34 33.17 15.17

increased by 74.2% YoY to THB 2,954mn o Advertising revenue increased by 28.9% YoY to THB 1,358mn o System integration services revenue increased by 148.5% YoY to THB 1,596mn  Ongoing revenue recognition

quarter of 2017. Thus it will become more challenging for the global steel industry participants in all the regions. Careful estimation for raw material purchasing and production cost management is

all the regions. Careful estimation for raw material purchasing and production cost management is seriously needed in order to cope with the more dynamic business environment. Management’s Discussion

(36.0%) 53.9% 6,877.1 3,244.5 (52.8%) Total Cost 881.0 546.4 688.0 (21.9%) 25.9% 3,495.2 1,234.4 (64.7%) Gross Profit 1,884.0 385.7 1,043.3 (44.6%) 170.5% 2,957.9 1,429.0 (51.7%) Net Profit 1,051.9 99.3

projects that are awaiting revenue recognition in the fourth quarter of 2019, namely Condominium projects under the brand Newera, which are developed and almost completed. It is expected to transfer rooms to

.(Dec.) % Inc.(Dec.) Services income 62.06 76.71 14.65 23.61% 126.87 155.72 28.85 22.74% Cost of rendering of services (49.49) (54.54) (5.05) 10.21% (100.51) (111.11) (10.59) 10.54% Gross profit 12.58

revenue 2,347.0 2,394.4 2,421.5 +3.2% +1.1% 7,176.8 7,241.8 +0.9% Cost of Goods Sold Cost of sale of goods 1,271.2 1,257.3 1,249.0 -1.8% -0.7% 3,846.6 3,797.9 -1.3% Cost of rental and rendering of services

(6,915.0) (35.8%) Total Cost 11,414.6 5,001.5 (6,413.1) (56.2%) Gross Profit/2 7,446.9 6,475.5 (971.4) (13.0%) Net Profit 2,898.2 3,266.4 368.3 12.7% /1 Including other income and share of profit from