consumption from government subsidy to the low-income citizens and local tourist promotion. Meanwhile, internal and external factors that affect the Thai economy are the inconclusive trade war between the US
discount campaign for the Hi-Premium diesel. The latter was to support the government sector’s promotion of environmentally-friendly fuel to dissipate the pollution situation, and at the same time, support
the prior year, the Company had revenue from sales of set-top box in accordance with the Digital TV subsidy program (phase 2) by the NBTC. Related technology business The Company had revenue from
/ litre during December 2018 to September 2019. Furthermore, the government announced B10 to be another optional fuel in May 2019 which was subsidy to be less than B7 by 1 Baht/ litre to stimulate methyl
distributing B20 diesel to support the Ministry of Energy’s policy. The Company developed the “Hi-Diesel B20s” product that enhances the quality of B20 diesel with the Green S technology; increasing Cetane value
percentage no more than 0.5%. However, Fuel Oil received support from Fuel Oil supplies that decreased due to the reduction in OPEC production, especially Heavy Crude, and Russian exports of Fuel Oil steadily
resulted in reallocation between sales and service revenue as well as marketing expenses while device subsidy is capitalized as contract assets and amortized against the service revenue over the customer
sales reported Bt7,116mn, increasing 8.9%YoY but decreasing -27%QoQ. Sim & Device margin remained positive at +2.7%, compared to +2.5% in 2Q20 and +0.6% in 1Q21 due to more efficient subsidy. Cost
advertisements and handset subsidy campaigns post COVID-19 lockdowns which reflected in last year’s low base. • Admin & other expenses at Bt15,327mn, decreased -2.2%YoY, mainly from cost control initiatives and
government subsidy for retail Diesel price through the use of oil fund, it was not match with diesel product’s increasing cost. 3. As of Q3/ 2018, the total number of BCP service stations was 1,154 branches