high profit margin and also from effective marketing policy. (2) Analysis of Operating Results and Profitability (2.1) Revenues from Sales and Services Description Year 2018 Year 2017 Increase

platforms to serve both consumers and enterprises. Our VDO platform called AIS PLAY received higher awareness and was listed among the top five of video-viewing applications with current active subscribers

%YoY 1Q17 %QoQ 1H17 1H16 %YoY Gross profit margin (%) 47.00 45.97 1.03 43.02 3.98 44.99 45.30 (0.31) Distribution costs and administrative expenses to total revenue (%) 39.60 29.31 10.29 34.72 4.88 37.14

was Baht 265.70 million decreased from Baht 282.91 million for the third quarter of the year 2017 of Baht 17.21 million or -6.1% resulted to gross profit margin of the third quarter of the year 2018 was

been as expected while the current take-up rate was circa 95%. Significant Events Previously, the Company’s Board of Directors approved the initial public offering (the "IPO") of ordinary shares of S

-22% Other income 2.00 2.08 -0.08 -4% Total revenues 231.27 294.76 -63.49 -22% Cost of sales and services 168.62 207.08 -38.47 -19% Gross profit 60.65 85.60 -24.95 -29% Gross profit margin 26% 29% SG&A

refinery margin to shrink. In this quarter, even though the crude oil price situation continues to improve constantly from December 2018, the cost of a proportion of crude oil that was refined within this

profit margin from sales of the Company and subsidiary companies increase 28.71% and 2.25% respectively. It derives from the main income of 11,252.25 million THB in 2018 which increases 17.05% or 1,639.40

The net profit and gross profit margin of the Company and subsidiary companies increase 44.24% and 6.82% respectively from the same quarter of the previous year. 40% was the income recognized from two

2019 in order to enhance corporate efficiency and growth resulting in favourable operating results by achieving 12% gross profit margin in Q1-2020. UWC determined to continuously improve its strategic