disposal of investment, and Employee benefits (7) Adjustment to earnings, net of tax The operating result for three-month period ended September 30, 2019 The company’s profit from continuing operations for

) million Trade and other payable decrease by Baht (14.66) million Deferred income tax liabilities increase by Baht 127.60 million Employee benefit obligations increase by Baht 9.67 million Long-term loan

Baht 112.52 million, increasing by Baht 71.01 million or 171% mainly from:  The employee benefits expenses and other operating expenses increased from the group’s business expansion during the year

Baht 113.5 million. 4. Accrued income tax payable decreased Baht 25.1 million. 5. Long-term loans from financial institutions increased Baht 1,740.5 million. 6. Employee benefit obligations increased

million or an increase of 35.16 percent. However, if the extraordinary item from the sale of unused land of Baht 46.31 million and the provision for employee retirement benefits from 300 to 400 days of Baht

in 2018 mainly from the increase of provision expenses and employee expenses - Share of gain from investments in joint ventures in 2019 amounted 171.99 million baht compared to 511.93 million baht in

liabilities, Deferred tax adjustment and expenses relating to employee benefits 3 Adjusted EBITDA is calculated from EBT plus Finance cost, Depreciation and Amortization, Interest income from Loan to JVs and

provision for employee benefits increased Baht 0.1 million.  Administrative expenses The Group’s administrative expenses were 181 million Baht, increase of 6 million Baht from the previous year, or 3.5

liabilities, employee benefit obligation. Please be kindly advised. Yours sincerely, Abico Holdings Public Co., Ltd. ……………………………………………………………….. (Mr. Kitti Vilaivarangkul) Managing Director

(Decrease) Mimmion Baht Percent 1. cost of employee 26.01 22.37 3.64 16.27 2. The cost of the promotion. 8.58 9.08 (0.50) (5.51) 4.The increase in financial expenses 25.84 percent increase compared to the