%) YoY, resulting from the achieved growth in EBITDA for both the Food Business and the Hotels Business of 22.8% and 1.8% respectively. With regards to the EBITDA Margin, the Hotels Business achieved an

term. In addition to achieving revenue growth, the company-wide cost optimization is ongoing and translated into EBITDA expansion of +9% YoY and +2.4% QoQ to stand at Bt18,905mn, a reported margin of

contribute high gross margin; 4) marketing activities to help dry stock at trade stores and prepare for new packaging launch in Q3; and 5) increased administrative expenses from higher personnel expenses to

and 2017 are 143.90 million THB and 318.86 million THB respectively, resulting in gross margin of 17.66% and 15.39%. Cost of sales can be broken down for turnkey business and for supply and maintenance

and spectrum investment. SG&A expenses declined 14% YoY to Bt18,739mn following softer handset subsidies. Following that, EBITDA improved 14% YoY to Bt52,043mn and the EBITDA margin rose to 44.7

, AIS delivered a 4.1% core service revenue growth with 43.7% normalized EBITDA margin and has announced an interim dividend of Bt3. 78/ share, following minimum 70% payout ratio. The guidance for the

(down 40% yoy) because FA EBITDA margin was decreased from lower Market P2F margin. However, the company recognized profit of THB 27 million from investments in the Thai Ethoxylate Company Limited (TEX

network. Expect mid-single digit growth in FY19 In summary, AIS delivered Bt133,429mn of core service revenue for FY18, a growth of 3.8% YoY. EBITDA increased 4. 7% YoY to stand at Bt73,792mn or a margin

สามเดือน ไตรมาส 2 ปี 2563 (3เดือน) ไตรมาส 2 ปี 2562 (3เดือน) การเปลียนแปลง %YoY รายไดจ้ากการขายและการบริการงานบรรจภุณัฑ ์ 133.99 128.72 5.27 4% EBITDA 14.74 7.71 7.03 91% EBITDA Margin 11.00% 5.99% 5.01

excl. TFRS 9 and 16 (871) -2.1% 4,817 9.2% (5,688) (118.1%) Normalized Profit excl. TFRS 9 and 16 (2,608) -6.3% 1,573 3.0% (4,181) (265.9%) (1) Percentage margin is calculated by dividing Gross profit