equipment rental, while SG&A was flat and dropped QoQ as marketing activities slowed down. EBITDA (pre-TFRS16) was Bt19,576mn, increased 3.8% YoY and 1.1% QoQ with a margin of 45.7%. Net profit (pre- TFRS16

, up by 3% YoY, reflecting gradual increases in effective rental rate at Suntowers. Compared to that of the preceding quarter, revenues were down by 91%, as there was a non-recurring income of Bt.1,530mn

of mainly indirect staff cost, office rental and depreciation & amortization. The increase in SG&A is mainly attributed to the write off of 16.97 mb of accrued work-in-progress resulting from

. Revenue from sale of industrial equipment dropped by 28.58% QoQ due to decrease in demand on products in the quarter. Other revenues comprise of revenue from machinery rental, revenue from sale of scrap and

raw material cost which is higher by 1.5 percent. However, the selling and administration expenses consists of employee benefits, rental, depreciation and marketing expenses were THB 2,759 million

the contractors 3) sales of unused aviation refueling vehicles and 4) fuel tank rental services. 1.2 Expenses 1.2.1 Cost of services In 2019, Cost of services was of Bt1,829.2 million, increased by

2,500,000 approximately Baht 2,571,487, accounted for 0.02% of NTA as December 31, 2019, the pricing will be contract price. 7.1.3 Network Equipment Rental transactions 1. Contract Date: January 1, 2020

(%) 30.27% 31.83% (1.56%) 28.24% 31.51% (3.27%) 12. Gross profit from rental and service business (%) 33.95% 26.05% 7.90% 33.96% 19.78% 14.17% 13. Gross profit from management business (%) 34.26% 27.65% 6.61

lease decreased by 33.1 MB or 15.4% mainly due to the depreciation and amortization of the operating leasehold rights during the period net of new project rental equipment during the period. Assets

revenues due to revenue from sales of scrap on raw material of 17.57 million baht, rental income from related company of 1.20 million baht, interest receive of 0.72 million baht, interest receive from