mentioned. Excluding such non- recurring income, 1Q18 revenues would have grown 9% QoQ, mainly from stronger performance of hotel business. Management Discussion and Analysis 1Q18 Consolidated Financial

growth year-on-year. On the other hand, revenue from our Financial Solutions increased by 5.12mb or 10.4%. T.662 636 6999 F.662 646 4200

grown 7.7% compared year-on-year, the growth in our cost of service increased by 3.00mb or 2.1% to 147.42mb (Q2 2018: 144.42mb). The slower growth in cost is mainly due to improved productivity in our bid

The Humanica Group of Companies (“HUMAN”) delivered a revenue at 523.23 mb (2017: 482.37), increased by 40.86 mb or 8.5 %. For 2018, revenue from HR Solution is the main contributor to our growth

revenue from sales and services increased by Baht 67.12 million from the same quarter in last year. And state policies that focus on the distribution of the economy to the community level to increase the

sales and services increased by Baht 39.78 million from the same quarter in last year. And predict to government policies that focus on the distribution of the economy to the community level to increase

aviation fuel services volume at BKK and DMK has grown by 0.5%(y-o-y) while the total multi-products of fuel volume of FPT has increased by 7.2% (y-o-y). For the total services income in the first six months

8 fuel services volume at BKK and DMK has grown by 1.4%(y-o-y) while the total multi-products of fuel volume of FPT has increased by 6.2%(y-o-y). For the income proportion separating by business

Page 2 Management Discussion and Analysis 1. Power Industry and Competition 1.1 Electricity industry and Economic situation in Thailand Thailand’s economy expanded by 2.4 percent in 2019, lower than 2018

consumption better as a result in the first quarter of year 2019, the group has revenue from sales of products and services has increased from the previous year in the amount Baht 38.34 million, and predicted