assets while new depreciation from 5G asset gradually increase after continuing expanding 5G network capacity. Overall SG&A showed a decline of -6.7% YoY with marketing expense dropping -20% YoY reflected

increase in gross profit. • EBITDA margin in Q2/2023 was 31.8%, decreased by 3.7% from Q2/2022, and EDITDA margin in 1H/2023 was 31.1%, slightly decreased by 1.5% from 1H/2022. The decline was mainly due to

witnessed a decline in gross add due to a more stringent control on Prepaid Identification (PI) that impacted new subscribers’ registration, as well as continued focus on quality subscriber acquisition

increasing of restructured loan. However, the SM Stage 2 amount 2,529 million baht, or 2.8% of outstanding loans, continues to gradually decline. The NPL coverage ratio stands at 152%, reflecting an

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ended March 31, 2018 In the first quarter of 2018, Thai economic growth gained traction, buoyed by both domestic and international factors. However, the business sector faced rising challenges, namely various forms of competition, a borderless marketplace within the ASEAN Economic Community (AEC), and the advancing digital age amid the rapid pace of technological advancement, thus lea...

electricity sold by 39 Gigawatt-Hours or 6%, while volume of steam sold decreased by 29 thousand tons following the decline in demand of industrial users. Q1/2018 VS Q1/2017 (YoY) • The revenue for Q1/2018

was Baht 9,628 million, decreased by Baht 359 million or 4% compared to 2016. This is due to the decline of cost of natural gas following the usage of natural gas. Thus in 2017 average cost natural gas

subsidiaries recorded allowance for non- movement inventories in amount of THB 2.88 million and allowance for decline in value of inventories in amount of THB 29.97 million which accounted only 0.92% of total

be completed in the beginning of 4Q19 in preparation for high season. Hotel revenue is expected to temporarily decline during this renovation period then increase again from higher ADR and occupancy

for non- movement inventories in amount of THB 2. 88 million and allowance for decline in value of inventories in amount of THB 12. 02 million which accounted only 0.40% of total inventories value. It