services revenue 41.68 43.82 (2.13) (4.87%) Construction revenue under Concession Agreements1) 60.64 55.33 5.32 9.61% Costs of Sales and Services 619.77 557.14 62.63 11.24% Raw water cost 291.60 247.94 43.67

. Decrease in cash, cash equivalent and short-term investments of THB 1,050.7 mm, which was mainly from higher capital expenditure, align with the Company expansion. 5. Decrease in cost of real estate

gains on investments and net fees and service income. Net interest income rose by Baht 1.2 billion or 3.8 percent due to the expansion of low-cost deposits in savings and current accounts and the decline

. The THB 92.4mn increased in administrative expenses was because the Company is in an expansion period. Financial Cost Most of financial cost resulted from loan interest borrowed to develop projects

increase was roughly in line with the rise in revenue from sales of real estate. The THB 52.8mn increased in administrative expenses was because the Company is in an expansion period. Financial Cost Most of

network expansion led to increasing cost of service 3.9%YoY and 3.4%QoQ; however, SG&A was well-managed and dropped -12%YoY and -8.8%QoQ, resulted in stabilized EBITDA with -0.9%YoY and +1.6%QoQ. Net profit

had purchased raw water from higher- cost sources, incurred pipeline maintenance cost, as well as the estimation replacement cost and depreciation & amortization from capacity expansion investment

the first 9 months of 2018. The reasons were from the rising in pipeline maintenance, estimate replacement cost and depreciation & amortization from capacity expansion investment. EASTERN WATER

totaled Baht 1,386 million, an increase of 21.2% yoy from the growth in deposit consistent with the overall expansion in loan portfolio. Cost of funds for 1Q19 remained stable at 2.3% comparing to 1Q18. For

maintenance cost and depreciation expense from the expansion pipeline system. However, Gross Profit Margins of excluding Other Utilities Revenue was 34.3% in 9M2019 flat with 34.4% in 9M2018 For our 3Q2019