, increasing by Baht 15.14 million or 51% mainly from:  The employee benefits expenses increased on higher number of employees, as well as other operating expenses which increased from the same quarter last

accordance with the Company’s target to consistently launch new service projects every year. However, due to the uncertainty of the merger situation of mobile operators during this period, as a result, each

glycerine price driven by glycerine supply glut since biodiesel blending rate has been increased by leading biodiesel producers in global market. As aforementioned, the company posted net loss of THB 97

costs as our fuel expenses have increased in recent months in line with the general trends on the solid fuel market. The operational efficiency improvement projects will along with fixed cost discipline

MANAGEMENT DISCUSSION & ANALYSIS 2019 14 FEBRUARY 2020 U CITY PCL 2019 - MD&A (for the year ended 31 December 2019) 1 U CITY PCL 2019 KEY FINANCIAL HIGHLIGHTS • Total revenue increased by 53.4% YoY

% YoY and 14% QoQ. Cost optimization was continued even as we expanded our 5G network, resulting in increased cost of service (+5.3% YoY, +2% QoQ) but lower SG&A (-13% YoY, +1.8% QoQ). Our reported NPAT

investment for reducing cost. Production costs are as same as the last year, although cost per unit increased from reduced production capacity and increased cost to support public health standards

revenue (Bt3,957mn) strongly rose 19% YoY driven by increased demand for home connectivity from the lockdown. Enterprise non-mobile remained robust and grew 12%YoY in revenue from increasing demand for

should not approve the proposed transaction due to limited information and uncertainty in material information. CWT has been in a municipality?s process of proposal submission for operating the waste

the VTE shareholders should not approve such contract transaction due to the project?s uncertainty. In addition, VTE would be at the disadvantage with regard to income of the plant construction payment