1,441 million from the assessment of the fair value of net assets and allocation of business acquisition costs, in which if the amortization expenses was still to be included, amounting Baht 360 million

depreciation and amortization expenses Financial Performance Project UpdatesExecutive Summary Change QoQ YoY +/(-) Operating revenue 5,553 5,366 5,459 2% (2%) 11,037 10,825 (2%) Gross profit 1,251 1,098 1,256 14

margin was -0.6% improved from -3.3% in 4Q16 and -4.9% in 3Q17. Cost of service (excluding IC) was Bt15,981mn, an increase of 5.4% YoY and 1.4% QoQ, mainly driven by higher depreciation and amortization of

disposed in late 2017. However, the revenue of Hotel Management was improved. Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) was THB 144 million, representing 131.4% growth yoy

1,948 million, in which, if the amortization of asset was to be deducted of Baht 368 million, the net profit for the company in Q1/2020 will amount Baht 1,580 million, increased by Baht 435 million from

Interest, Tax, Depreciation and Amortization (EBITDA) In 2019, the Company has earnings before interest payable, tax, and depreciation (EBITDA) pursuant to the Financial Statements in the amount of THB 691

revenue 19,990 18,308 18,138 (9%) (1%) 29,057 36,446 25% Cost of sales (excluding depreciation and amortization)1 (14,062) (12,943) (12,488) (11%) (4%) (20,651) (25,432) 24% Gross profit1 5,928 5,365 5,650

related to the operation of Section 2 in MRT Blue Line Extension, repair and maintenance expense and amortization. Selling and administrative expenses amounted to Baht 1,336 Million representing a decrease

to THB 2.29 million in Q3/2016). 2. Total operating costs (including depreciation and amortization) in Q3/2017 was THB 89.82 million, a decreased from THB 90.81 million in Q3/2016 The financial

Baht 2,451 Million representing an increase from the same quarter of the previous year by Baht 89 Million or 3.8 percent mainly from the increase in operating expense and amortization. Selling and