increased expenses related to the acquisition of SGAH. Apart from these extraordinary items, net profit improvement was also attributed to increased share of profit from associate companies, mainly Hyundai

enhancement of fundraisers’ sustainability and the promotion for the capital market to become a key driver for achieving the nation’s sustainable development goals (SDGs). (4) Capital market is developed and

905.0 3.6% Net gain (loss) on exchange rate (58.6) 55.1 30.9 (43.9%) N.A. (>100) 53.6 86.0 60.4% Gain (loss) on forward contracts (50.8) 11.2 4.5 (59.8%) N.A. (>100) (1.3) 15.7 N.A. (>100) Other income

profit 463.1 465.6 496.5 6.6% 7.2% 1,337.0 1,401.5 4.8% Net gain on exchange rate 37.6 30.9 83.6 170.6% 122.3% 91.2 169.6 86.0% Gain on forward contracts 8.4 4.5 6.0 33.3% (28.6%) 7.1 21.7 205.6% Gain from

654 252 651% (62%) Performance without non-operating items 1 Adjusted EBITDA 282 148 280 (1%) 90% Note: 1 includes gain (loss) from foreign exchange rate, professional fees in relation to M&A activity

FY2016 FY2017 % YoY(Unit: Bt.mn) 4Q16 3Q17 Note: 1 includes gain (loss) from foreign exchange rate, professional fees in relation to M&A activity, sales & marketing expenses for the launch of new

% YoY with a YoY drop in net earnings of 213%, reflecting non-operating items incurred in 3Q16 and 3Q17 performance. For comparative purpose, without non-operating items, such as gain (loss) on exchange

business segment) transactions (2) Core EBITDA is Consolidated EBITDA less In- ventory gain/(loss) whereas Core EPS is Reported EPS less Inventory gain/(loss) and onetime extraordinary items. Segments total

from gain on sales of investments in BDMS during the period which was amounting of 1,738.2 million baht. Nevertheless, the operating revenue of airline business slightly declined by 1.1 percent from

similar form of fundraising and benefit generation. In essence, the amendments support enhancement of digital token offering supervision with proper investor protection mechanisms and a focus on fair