: 2,679.0 million baht), an increase 149.3 million baht or 5.6 percent. Profit before finance costs, tax expense, depreciation and amortization was 2,377.1 million baht (year 2018: 2,232.5 million baht) or

Audit Committee Board of Directors and Audit Committee have examined together that in the past 1-2 years, the joint venture company has lost operating results. One of the reasons is high interest expense

construction under a concession arrangement - 131.3 (131.3) N.A. (

attributable to an increase in taxable profit. 2018 2019 change Q4’18 Q3’19 Q4’19 change change Btmn Btmn y-on-y Btmn Btmn Btmn y-on-y q-on-q Finance cost Interest expense from borrowing 2,424 2,705 11.6% 673

of construction cost based on our actual incurred construction cost of Nam Che 1 Hydro project. Selling, General & Administrative Expense • SG&A increased 37.5% y-on-y in Q2’2019 to Baht 392 million

investing in the MRT Chalong Ratchadham Line Project which the MRTA is fully responsible for both loan repayment and interest expense in accordance to the concession agreement. Cost of service amounted to

104.9 2.5 2.4% Cost of sales and services (1,274.4) (1,121.4) (153.0) (12.0%) Gross profit 466.2 350.0 (116.2) (24.9%) Net gain (loss) on exchange rate (17.4) 94.4 111.9 N.A. Gain (loss) on forward

4,125 4,059 66 1.6 Cost of service 2,451 2,362 89 3.8 Selling and administrative expenses 312 296 16 5.4 Finance cost 305 482 (177) -36.7 Interest expense from the MRT Purple Line Project 99 112 (13

downsized business and continued pursuing debt collection respectively. However, the Company has been expanding more online service channels to customers and reduced the Company’s operation cost. As a result

expense over earned premium moreover increased from 58.1 % in the same period last year to 63.5% this year because the term and condition of compulsory motor policies had been adjusted in accordance with