year. The growth drivers are including of; 1) The consolidation of outdoor media operators, namely in Multi Sign and COMASS, which started in October 2016 and July 2017, respectively. The acquisition has

ongoing revenue recognition of 35 digital billboards, which was rolled out in July 2017 and the full-year consolidation of Co-Mass, which was acquired in June 2017. In this quarter, Billboard media1

of the Thai baht and the intense competition which caused the exports to shrink from the previous year. Domestic consumption was also affected by high living expenses and household debt, as well as the

the consolidation of PET in India and PTA in Indonesia. EBITDA contribution in this segment improved for the contracted businesses in the Western markets. In the Fibers segment, we benefitted from M&G

(Egypt and Brazil), and the consolidation of PET in India and PTA in Indonesia. EBITDA contribution in this segment improved for the contracted businesses in the Western markets. In the Fibers segment, we

% YoY to THB 6,976mn, preeminently due to full year consolidation of the hotel business in Europe and from acquired assets under the Entire Business Transfer of Unicorn Enterprises Limited (EBT of UE

the consolidation of Rabbit Group under the common control basis. 1Adjusted for gain of fair value measurement in MACO at acquisition date, share of investment in JV and associates and non-recurring

operators and new comers resulting in continually intense competition in restaurant business. Cost of Sales and Gross Profit Cost of sales in 2017 totaled Baht 899.62 million, dropped Baht 100.62 million or

sales declined by 9.7% due to intense marketing competition led by strong Thai Baht. Domestic sales portion ended up at 24.9% and export sales at 75.1%. The Company reported gain from foreign exchange

had a higher impact from the decline in domestic purchasing power leading to lower prepaid usage despite an increase in tourism-related income. Competition remained intense with the market continued