income 52.1 132.3 -60.6% 196.7 415.7 -52.7% Selling expenses 263.0 222.0 18.5% 751.9 674.8 11.4% Administrative expenses 421.2 229.4 83.6% 1,317.8 763.4 72.6% Finance cost -120.6 -76.1 58.5% -331.5 -210.7

lower long term borrowing from debt repayment and lower spectrum payable and lease liability. Interest-bearing debt stood at Bt116,749mn, decreasing by -8.2%. Total equity was at Bt88,278mn, decreasing

Equity holders of the parent company was 706.19 million Baht, decreased by 29.25 million Baht or 3.98% compared to the first half of 2016. Income statement (MB) 1H/2016 1H/2017 Increased (Decreased

Q1/2018 due to the raising in raw water sales volume and net profit attributable to equity holders of the parent company of 341.71 million Baht, increased by 39.04 million Baht or 12.90%. Income

0.0% 0.31 0.0% 63.2% 1450.0% Profit before finance cost and income tax expenses 182.02 22.8% 172.29 22.5% 149.25 20.5% -13.4% -18.0% Bank charge (3.35) -0.4% (2.12) -0.3% (1.90) -0.3% -10.4% -43.3

% 0.0% Sales profit 0.02 0.0% 0.31 0.0% (0.22) 0.0% -171.0% -1200.0% Profit before finance cost and income tax expenses 176.32 21.9% 149.25 20.5% 121.25 18.2% -18.8% -31.2% Bank charge (2.36) -0.3% (1.90

, Kamphaeng Phet - Lampang will be capitalized in the projects' cost then would be amortized over the lifetime of the projects. 1.3 Operating Results Net profit attributable to the Equity of the Company in 2019

38 million, which resulted from the profits from the sales of the assets to the joint venture entity company to be acknowledged in the amount of THB 28 million. The shareholders’ equity of the company

shareholders’ equity of the company has increased in the amount of THB 204 million from THB 2,421 million to THB 2,625 million, which mainly resulted from (1) the net profit in 2017 in the amount of THB 484

, administrative expenses decreased from 16.8% in 2017 to 15.1% in 2018. Finance Expenses Financial expenses increased slightly during the period from THB 24.5 Mn in 2017 to THB 24.6 Mn in 2018, an increase of THB