Restaurant Business 219 225 (6) Others 10 9 0 Total 2,075 2,119 (44) -2- Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) In the Quarter 3 of 2017, the Company has earnings before interest

competition was less intensified. Selling expenses increased due to sales promotion of 2.80 million baht which is an increase of 2.73 million baht or 3,894.73% y-o-y. Other expenses, which are sales commission

integration of acquired businesses, the start of earning recovery in our high-volume Necessities business and our stable but higher-margin HVA business. We delivered record earnings and cash flows and expect

achieved strong earnings, a growth of 49% in core EBIDTA or $749 mil- lion which is on track to deliver over $1 Billion in annual EBITDA in 2017, the first time in the history of the Company. The strong

percent) 4 3.3 Earnings per Share Dilution Earnings per share dilution can be calculated by using a formula as follows; Earnings per Share Dilution) = (Earnings per Share before private placement

intensified competitive environments in the near future. FAP therefore keeps pace with changes of international professional standards, including the International Financial Reporting Standards (IFRSs), the

next decade, such as volatility of capital flows, direction of the new rules and standards in connection with extraterritorial issues, world financial and economic connectivity with more intensified

recklessly. In this well-connected era, consumerism has rapidly intensified and spread widely through various perceptive channels especially the mass media. Ignorance is another essential cause of improper

meet market demand in 3Q17. Therefore, the tailwinds in volume and margins are expected to handsomely beat earnings estimates on a fully diluted basis following the exercise of W1 warrants. 3 In last

Food and Bakery Wholesales Business 236 231 5 2.2 Overseas Restaurant Business 153 219 (66) (30.14) Others 4 10 (6) (60.0) Total 2,083 2,075 8 0.4 Earnings before Interest, Tax, Depreciation and