traction, buoyed by both domestic and international factors. However, the business sector faced rising challenges, namely various forms of competition, a borderless marketplace within the ASEAN Economic

remains high, and gross refinery margin improved from the increase of crack spread for all products, along with a record of inventory gain from rising average crude oil price during the quarter. Marketing

/Litre, lowered by 5% YoY, a result from lubricant product’s rising cost compared to their stagnant price, combined with slight dips in retail marketing margin. Marketing margin decreased 1% QoQ, from

selling price to EGAT and higher steam selling price, which was in line with the rising of natural gas prices. Although the natural gas prices rose, Ft rate was maintained, hence the gross profit in Q3/2018

with net profit rising by 7.8 percent from the same quarter last year and 6.6 percent from the previous quarter. As of June 30, 2019, loans grew at a lower rate than deposits, with the ratio of loans to

. 4Q18 Financial and Operational Summary In 4Q18, core service revenue was Bt33,683mn, increasing 3. 3% YoY and 1. 7% QoQ, driven by both mobile and fixed broadband business. Mobile subscribers continued

2018 4Q19 Snapshot In 4Q19, total revenue was Bt49,464mn, increasing 11% YoY and 8.8% QoQ, mainly driven by device sales. SIM & device sales were Bt10,449mn, rising 36% YoY and 85% QoQ due to newly

current assets were Bt34,841mn rising 9.2% YoY from account receivables, following a larger base of postpaid customers, and handset inventories. Total non- current assets were Bt249,226mn increasing 2.2

of 85% YoY and 6% QoQ while subscribers rose to 571,800 or a net addition of 50,600. Put more focus on convergence and EBITDA generation Given the growing fixed broadband and increasing popularity of

) was Bt32,455mn, +6.0% YoY and +0.9% QoQ, resulting in YTD growth of 5.5%. Increasing 4G penetration (42%) and data usage (5.9GB/data sub/month) improved mobile revenue to stand at Bt31,569mn, +3.9% YoY