rating to be enhanced from its stand-alone rating. On a stand-alone basis, TRIS’s view remains unchanged. The Company’s business performance has been relatively strong and stable from its well-diversified

%, up 33% from the previous quarter and revenue from logistics services. In the first quarter of 2018, the proportion was 21%, unchanged compared to Q1 /2017 Cost of services for the three months As at

. Hence, this commitment is reasonable and find a purpose the best benefits of us. The rental rates unchanged. This makes the expense of the same. Please be acknowledged for your information Yours Sincerely

companies's group for transferring to customers. Hence, this commitment is reasonable and find a purpose the best benefits of us. The rental rates unchanged. This makes the expense of the same. Please be

transferring to customers. Hence, this commitment is reasonable and find a purpose the best benefits of us. The rental rates unchanged. This makes the expense of the same. Please be acknowledged for your

reduce in value, although the net profits remain unchanged. Revenue from Sales The company has revenue from sales in the third quarter in the amount of 1,267.6 million Baht decreased by 12.8 percent

/2019 (3.43%). • The selling expenses of Q1/2020 is much lower due to cutting of unnecessary expenses. However, the administration expenses are almost unchanged because of fixed expenses such as salaries

patients. Administrative Expenses Administrative expenses were unchanged yoy. Earnings before interest, taxes and depreciation (“EBITDA”) EBITDA (not included other income) deteriorated by both in term of

a period-on-period basis was attributable to the Company has some fixed costs that unchanged irrespective of the revenue. Other Income The other income amounted to Baht 11.43 million and Baht 10.74

Baht appreciation during 6M/2018 relative to 6M/2017.  EBITDA margin was slightly lower to 26.9% in Q2’2018 because selling price per unit to IUs remain unchanged, while gas cost is higher. Normalized