the parent) of Baht 258 million and earnings per share of Baht 0.13 for 1Q2018, an increase of 14% when compared to consolidated profits (attributable to equity holders of the parent) of Baht 226

Baht 887 million and earnings per share of Baht 0.45, compared to consolidated profits (attributable to equity holders of the parent) of Baht 1,022 million and earnings per share of Baht 0.51 the

as of second quarter of 2018 per following table: (THB) Million 2Q18 2Q17 1H18 1H17 Total Revenues 126.04 134.25 268.92 269.05 Total Expenses 112.28 120.19 244.51 244.87 Shares of Profits 4.59 11.96

Income as of third quarter of 2018 per following table: (THB) Million 3Q18 3Q17 9M18 9M17 Total Revenues 124.06 143.81 392.98 412.86 Total Expenses 120.70 128.25 365.21 373.13 Shares of Profits 6.01 13.81

million and earnings per share of Baht 0.54, an increase of 22% when compared to consolidated profits (attributable to equity holders of the parent) of Baht 887 million and earnings per share of Baht 0.45

the parent) of Baht 310 million and earnings per share of Baht 0.16 for the first quarter of 2019, an increase of 20 percent when compared to the consolidated profits (attributable to equity holders of

quarter ending 31 March 2018 amounting to Baht 37.21 million, an increase of Baht 25.18 million or 209.38% over the same quarter last year, due to the following significant factors : 1. Profits from

. Section 8 offers concluding remarks. 2. Related Literature 2.1 Overview Studies on MBEB largely document that firms prefer reporting small profits to reporting losses, showing increasing earnings over

. • In other words, firms prefer reporting small profits to reporting losses, showing increasing earnings over previous periods’ earnings, and announcing positive earnings surprises relative to analysts

881.9 170.3 19.3 1,328.7 (276.5) (20.8) Profits from operations before income tax 646.2 211.0 435.2 206.3 1,034.1 (387.9) (37.5) Net profits 560.5 204.2 356.3 174.5 828.8 (268.3) (32.4) Basic earnings per