from the change in defined benefit plan according to KBank’s employment policy which is not related to labor law, together with rising marketing expenses, our cost-to-income ratio stood at 45.02 percent

1H/2019 1H/2020 Change THB million % THB million % THB million % Revenue from services 1,751.8 100.0% 1,151.6 100.0% (600.1) (34.3%) Costs of services 1,087.4 62.1% 785.4 68.2% (302.1) (27.8%) Gross

landscape brought about by the change in people’s lifestyles and the way people consume media. The increasing popularity of mobile phones (or smartphones) as made content more accessible and ever-present

million baht or 4.45 percent. Analysis of the consolidated financial performance Statement of Comprehensive Income (Unit : Million Baht) For the quarter ended 31 March Change 2020 2019 Amount Percent

gaining wide acceptance and recognition at home and abroad, as reflected in the numerous awards we received in this quarter. C Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1

for the 3 rd quarter of 2019 was THB 721.06 million, decreasing by THB 93.39 million or 11.5 percent from THB 814.45 million in the 3 rd quarter of 2018. The change was due to the decreased lease

wide acceptance and recognition at home and abroad. C Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1 Global and Thai Economy in the Second Quarter of 2018 1 1.2 Banking

and satisfactory operating performance allowed KBank and K Companies to meet business targets and at the same time gain wide acceptance and recognition at home and abroad, as reflected in the numerous

Periods Ended 30 June, 2020 Page 9 Comparing 6-month of 2020 vs 6-month 2019 (1) Cost of sales of RG increased due to the recognition of losses on revaluation of heavy oil and diesel oil prices in the total

statement ended 30th Sept ended 30th Sept July - Sept 2020 July - Sept 2019 Change % Change Apr - Sept 2020 Apr - Sept 2019 Change % Change Revenue from sales & service 518.91 745.69 -226.78 -30.4% 930.49