expense totaling of Baht 14.95 Million. Resulted from the increasing of employee expenses & compensations, audit fee, utilities, consulting fee and advertising expenses. 4. Profitability Gross profit and

quarter of the previous year by Baht 12 Million or 6.7 percent from the decrease in advertising revenue. (Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis

. Due to the increasing of employee’s expenses & compensations, audit fee, consulting fee and advertising expenses. Including, public relationship expense for IPO’s activities on January 2019. 4

increase from the same quarter of the previous year by Baht 25 Million or 14 percent, mainly from the increase in advertising and telecommunication revenue in aligned with the increase in ridership and

obsolescence due to efficient management as well as other expenses related to sales such as distribution costs, whereas the increase of advertising and promotion expense, the foreign exchange loss and expense

Charge) was Bt435.67mn due to the abovementioned government measurements and the lower mobile-topup amount. 3) Advertising income was Bt7.63mn, increasing 181.6% YoY. 4) Other income was Bt67.79mn

creating a mobile application for indoor navigation and Bluetooth transmitter system for advertising. c) Board of Directors At present, the Board of Directors of Trans.Ad comprise of: 1. Mr. Weng Sam Lam 2

internet and CCTV, including designing and creating a mobile application for indoor navigation and Bluetooth transmitter system for advertising. c) Board of Directors At present, the Board of Directors of

% THB mm % Advertising and promotional expenses 83.54 86.04 54.86 68.25 (28.68) (34.33) Sales employee cost 8.09 8.33 17.08 21.25 8.99 111.12 Freight expenses 1.35 1.39 2.68 3.33 1.33 98.52 Others/1 4.12

increase in telecommunication and advertising revenue from the operation of the MRT Blue Line Extension Project. Cost of Commercial Development business was equal to the same quarter of the previous year at