88 million baht or 5% y-y and 3% q-q. However, the Company still maintained effective operating cost control with cost to income ratio at 35% of total revenues. Considering the Company’s separate

the separate financial statements Baht (22.01) million Baht 118.00 million 3. Management Discussion and Analysis 3.1 Sales and service income in 2017 has increased by Baht 526.45 million or 134.09

Baht) Separate financial statements 2018 2017 % Change Sales and Service Income 1,940.22 1,979.16 (1.97) Cost of Sales and Services 1,572.51 1,525.25 3.10 Selling and Administrative Expenses 218.91

) Separate financial statements 2019 2018 % Change Sales and Service Income 2,055.48 1,892.88 8.59 Cost of Sales and Services 1,647.83 1,572.51 4.79 Selling and Administrative Expenses 176.25 171.57 2.73

statements) Baht (74.59) million Baht (5.38) million Profit (loss) for three months (from the separate financial statements) Baht (58.18) million Baht 10.66 million 3. Management Discussion and Analysis 3.1

  Dividend Yield (%) 4.92  2.22  2.26  Payout Ratio 0.88  0.17  N/A  Dividend Policy Not exceeding than 50% of net profit after deducting corporate income tax of the separate financial statements (with

percent of net profit according to separate financial statements after corporate income tax and after necessary and appropriate legal reserves (with additional conditions) 1  CG Score 2021 from Thai

separate financial statements, after deducting income tax and all reserves as required by law and by ABICO (with additional conditions) 1  CG Score 2021 from Thai Institute of Directors Association (IOD) 2

Profit (Loss) for the year attributable to equity holders of the Company In the consolidated financial statements Baht 418.04 million Baht (202.81) million Profit (loss) for the year in the separate

equal to 151.53 million baht and 153.89 million baht respectively. The details of service income are provided as follows: Separate Financial Statements for the year ended 31 December 2016 31 December 2017