period of 2019. This increase was mainly due to switching towards more cost-effective marketing channels. Administrative Expenses In the 3rd Quarter of 2018 and 2019, administration costs increased from

business growth, while flat 0.3% QoQ from higher SG&A in line with growing top line. EBITDA margin was at 53%, improving YoY from continual focus in profitable revenue, effective cost management, and

strongly, especially on a same-store basis that continues to grow together with cost effective management. Excluding the non-recurring items, total revenue increased 9.0% YoY and net profit increased 7.4

revenue generation through new shopping malls, enhancement of existing malls, as well as efficient cost management. CPN currently manages 32 shopping malls with the net leasable area (NLA) of approximately

marketing by switching towards more cost-effective marketing channels, which decreased from the previous year by THB 4.8 Mn. However, the group had higher marketing support and commission expenses paid to

Finance cost paid 647 Lease liability payments 2,866 Total 23,043 23,043 8 1Q20 MD&A Advanced Info Service Plc. 2020 OUTLOOK Acquired additional spectrum for early 5G development and more efficient 4G

Finance cost paid 647 Lease liability payments 2,866 Total 23,043 23,043 8 1Q20 MD&A Advanced Info Service Plc. 2020 OUTLOOK Acquired additional spectrum for early 5G development and more efficient 4G

switching towards more cost-effective marketing channels; the main factors for the increase were (1) higher staff, rental, utilities and depreciation expenses from opening new branches and (2) higher

, total revenue stood at THB 12,189 mn and net profit stood at THB 1,890 mn). However, the Company implemented the cost-effective management as planned to reduce impact to business performance. As a result

, total revenue decreased by 31.8% and net profit decreased by 65% YoY). However, the Company implemented the cost-effective management as planned to reduce impact to business performance. As a result of