due to the declining in raw water sales volume and net profit attributable to Equity holders of the parent company was 1,117.52 million Baht, decreased by 103.66 million Baht or 8.49%. Income statement

such income was recorded for interest received from damaged pipeline at Phayathai Skytrain Station at Bt4.3 million. The Group had a Net profit attributable to Equity holders of the Company of Bt231.2

) as a result of in Q3/2016 such income was recorded for interest received from damaged pipeline at Phayathai Skytrain Station at Bt4.3 million. Then the Group had a Net profit attributable to Equity

the net trade debt repayment of USD 123,899,729, or equivalent to THB 4,275,683,281.33, under the debt to equity conversion scheme where the conversion price will be fixed at THB 0.1961 per share

novation has no effect to the required Debt to Equity ratio due to the MRTA is fully responsible for the loan repayment according to the concession agreement. Overview Operational Results In the third

14,329.7mn, an increase of THB 3,871.8mn from the previous year • Net debt to Equity ratio3 as of 31 December 2018 equals 0.96 times Operating result Q4/18 and 2018 Revenue and Backlog2 Source of income (Unit

costs as our fuel expenses have increased in recent months in line with the general trends on the solid fuel market. The operational efficiency improvement projects will along with fixed cost discipline

Engineering to contribute to top line growth as there are promising projects being negotiated although the likely impact is in 2019. On the costs SG&A has again shown further improvement and while higher year

510 - 940 Million through the concession agreement period. Overview Operational Results In the first quarter of the year 2018, the Company had the net profit attributable to equity holders of the

as targeted. Financial Costs The Company's total financial cost in 2019 was 54.3 million Baht, which decreased from 2018 by 8.7 million Baht or 13.8 percent due to the Company repaid loans to the