by the hotel expansion which resulted in (i) operating expenses that increased THB 869mn (or 37%) YoY, (ii) selling and administrative expense that increased THB 846mn (or 29.1%) YoY and (iii

7,698 mn, up by 5.2% YoY with a 6% YoY growth in net profit to THB 2,483 mn. Establishment of a Joint Venture to support business expansion plan On 5 September 2017, the Company established a new joint

/(Decrease) THB mm THB mm THB mm % Selling expense 223.4 317.2 93.8 42.0% Administrative expense 1,271.9 1,385.2 113.3 8.9% Finance costs 2,432.2 1,616.5 (815.6) (33.5%) Total expense 3,927.4 3,318.9 (608.5

less sale of high- tier handsets. SIM and device margin was -3% compared to -2.7% in 2Q17 and -1.1% in 1Q18. Cost & Expense In 2Q18, cost of service was Bt19,202mn increasing 16% YoY and 11% QoQ mainly

recognition from share of loss from SDWTP, resulting from higher depreciation, lower sales volume and the delay in the construction of pipeline expansion to connection points of water distributors due to the

focus on supporting our customer growth and demand in cloud and IT solutions. Soften EBITDA from higher marketing expense EBITDA in 2Q22 dropped -2.8% YoY and -0.2% QoQ to Bt22,353mn with a margin of 49.4

business expansion and hire purchase sales from overseas business grew by 60% y-y, especially from business in Cambodia grew by 79% y-y. For the fourth quarter of 2019, the Company had hire purchase revenue

paid to financial institutions and related persons. The Company’s financial costs in 1Q2019 were THB 20.82 million, rose by THB 2.40 million or 13.00% up from 1Q2018 mainly from higher interest expense

to 6M2018. Income Tax Expenses The income tax expense of the Group in 2Q2019 was THB 73. 20 million, decreased by THB 3. 46 million or 4.52% down from 2Q2018 mainly from lower corporate income tax

to financial institutions and related persons. The Company’s financial costs in 1Q2020 were THB 24.11 million, rose by THB 3.28 million or 15.77% up from 1Q2019 mainly from higher interest expense paid