excluded construction revenue under concession agreement and other income. In 2018, East Water Group reported slightly lower profitability compared to the same period of 2017 because of the lower sales

revenue under concession agreement and other income. In the 9 months of 2019, East Water Group reported a declining in net profit and the profit margin decreased from the same period of 2018 because of the

PUBLIC COMPANY LIMITED 5 Total assets as of 31 December 2019 was reported at THB 4,879mn, an increase of THB 716mn or 17.2% from THB 4,164 as of 31 December 2018. Total current assets were THB 1,958mn

2019, The Company reported total revenue of 8,996.3 million baht (year 2018: 8,182.7 million baht), an increase of 813.6 million baht or 9.9 percent, a gross profit of 2,828.3 million baht (year 2018

Coverage ratio (DSCR) (time) 2.20 2.19 Note: 1) Gross profit and Net profit were excluded construction revenue under concession agreement and other income. In 2019, East Water Group reported a declining in

fair value measurement in MACO at the acquisition date of THB 207mn PERFORMANCE ANALYSIS (1Q 2017/18 vs 1Q 2016/17) In 1Q 2017/18, the VGI Group reported a consolidated operating revenue of THB 852mn, an

improved following on-going cost optimization and FY17 guidance maintained. AIS reported 3Q17 EBITDA of Bt17,589mn, +15% YoY and +2.8% QoQ, mainly due to revenue growth and controlled SG&A. YTD, AIS spent

1,359 MB increased from 9M/2016 which was at 885 MB. However, the company’s performance was still impacted from Stock Loss and appreciating Baht currency which resulted in the reported net profit in

Net profit were excluded construction revenue under concession agreement and other income. For 9M/2017, East Water Group reported slightly lower profitability compared to the same period of 2016

, AIS reported a net profit of Bt30,077mn, a slight decline of 1.9% YoY, or a net profit margin of 19.1%. It is to be noted that due to the tax incentive programs in 2016 and 2017 with the benefits to be