increased from business expansion. For the 9M/2018, the net profit improved by Baht 420 million or 17% from 9M/2017. The gain was primarily due to start-up of IRPC-CP Phase 2 and ISP1 in Q4/2017 and the

digit YoY with the focus on being competitive to gain fair market share and hence retain or expand our scale in respective businesses. For mobile business, 4G adoption and demand is expected to continue

increased by Baht 44 million, due to the gain in construction income at IRPC-CP Phase 1. Income tax expenses The income tax expenses in Q3/2017 increased from Q2/2017 for Baht 18 million or 29% and increased

the company still has total of 1,045 MW capacity in the pipeline with the SCOD by 2025 which would raise total capacity by 48% to 3,245 MW by 2025 (based on committed projects and their SCOD). SPP

intra-company (or intra-business segment) transactions 2Total of each segment may not always tally with consolidated financials due to holding segment 3Excludes price adjustment for captive sales on

Thailand We, Carabao Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussion and analysis regarding consolidated financial performance and position of the Company

Operating Debt to Equity (times) 0.39 0.54 0.80 (51)% 0.39 0.80 (51)% 1Consolidated financials are based upon elimination of intra-company (or intra-business segment) transactions 2Total of each segment may

For Q2/2017, Global Power Synergy Public Company Limited (GPSC) (“the company”) had a net profit of Baht 815 million, increased by Baht 65 million or 9% from Q1/2017. The increase is due to not only

while remained competitive in protecting existing base. Following that, standalone broadband ARPU declined to Bt563 or -2% QoQ, in exchange for higher ARPH (average revenue per household) in the long term

of 85% YoY and 6% QoQ while subscribers rose to 571,800 or a net addition of 50,600. Put more focus on convergence and EBITDA generation Given the growing fixed broadband and increasing popularity of