4G and fixed broadband network expansion. • Network OPEX was Bt6,879mn, increasing 38% YoY and 26% QoQ mainly due to the change in accounting treatment on the partnership with TOT since 1Q18. Excluding
the higher increase in revenue mentioned above, even though the selling and administration expenses were increased to support the expansion of the business. Earnings before Interest, Taxes, Depreciation
was Bt22,843mn, rising 2.1% YoY, following EBITDA expansion while offset by higher network D&A. 3 3Q18 MD&A Advanced Info Service Plc. 3Q18 Financial Summary Revenue In 3Q18, total revenue increased 9.2
support production capacity expansion. The Group ended up having interest-bearing debts of THB 5,219 million as of 30 September 2018, up from THB 3,393 million as of 31 December 2017, or equivalent to the
the entering into of the transaction The Board of Director has considered that the Leasehold Transaction of One Thonglor will support the subsidiary business operation, business expansion of the Company
increase in net interest income which was derived mainly from expansion in retail and SME business loans, in line with growth in net interest margin (NIM). Excluding gain on investments of certain banks in
reduce the cost of sales and services that are currently available. And the result is good operation. 5.5 Focusing on business expansion to CLMV countries (Cambodia, Lao PDR, Myanmar, Vietnam), by set up a
will support the subsidiary business operation, business expansion of the Company and its long-term growth in the future as specified in section 8. (Translation) — 3 — 10. Opinions of the Audit Committee
maintenance cost and depreciation expense from the expansion pipeline system. However, Gross Profit Margins of excluding Other Utilities Revenue was 34.3% in 9M2019 flat with 34.4% in 9M2018 For our 3Q2019
offsetting a decrease in property, plants and equipment of THB 199 million since all the capacity expansion investment were completed while the depreciation expenses rose for the period. Liabilities