improved to 34.5% or +270bps QoQ. Gross profit increased by THB 105 million YoY (or 5.0%) to THB 2,186 million in Q4’18. The big improvement was resulted from Fitness First (cost saving project), which drove

Baht 60 million, loss decreasing from Q4/2018 that recognized net loss Baht 143 million. Greater performance resulted from efficient process improvement as well as selling and administrative expense

shifting to low carbon fuel sources • Improving water management and efficiency, e.g., by reducing leaks, reducing urban run-off • Installation or upgrade of water capture and storage infrastructure

periodically and quite frequently for the operators’ IT system improvement. The details of total revenue are as follows. 1) Income from rendering top-up service for prepaid phone and other online services

a gross profit of 237.71 mb (2017: 192.41 mb), a significant increase of 45.30 mb or 23.5% improvement. The reduction in cost of service also contributed positively to a better gross profit margin at

144.2 Mn in 2017. Liquidity and Capital Structure As of 31 December 2018, the Group had current ratio of 0.32, increase from 0.27 in 2017. This improvement was mainly due to reduction in short-term

1.43, increase from 0.32 at end of 2018. This improvement was mainly due to a repayment of all short-term borrowing from financial institutions. The debt-to-equity ratio improved to 0.35 at 31 March 2019

% when comparing to the same period of last year. The increase was mainly come from the improvement of housing projects and infrastructure before transferring to the juristic person. MK also emphasized on

services on radio and communication system amounting to Baht 9.00 million, and services income from water quality improvement amounting to Baht 11.00 million. Other income for quarter 1/2020 of Baht 93.15

radio and communications system estimated at Baht 35.04 million, revenue from the sale of electricity to about Baht 23.30 million, services income from water quality improvement of Baht 28.38 million