selling expense to increase, 1Q2020 net profit reported at THB 335M or still increased by 14% YoY because of other income representing THB 423m recognized as a gain from selling share of SHR’s subsidiary

Expenses For 4Q’18 and year 2018, administrative expenses increased 3% and 19% yoy, respectively. The largely increase in 2018 was mainly from the extra accounting expense stemming from the revised down of

Baht 0.48 million. 1.4.2 Administrative expenses Unit : Million Baht Administrative expenses March 31, 2019 March 31, 2018 Increase (Decrease) Amount % Employee expense 5.99 5.63 0.36 6.42 Depreciation

Baht Distribution cost March 31, 2020 March 31, 2019 Increase (Decrease) Amount % Credit card fee 1.53 1.48 0.06 3.96 Advertising and PR expense 0.16 0.68 (0.52) (76.34) Sales incentive 1.21 2.16 (0.95

increased Y-o-Y mainly because of an adjustment of staff costs and retirement benefits and an increase in R&D expense. Net Profit The Group reported a consolidated net profit of Bt424.8 million in 1Q20

investment property, professional fees in relation to M&A activity, sales & marketing expenses for the launch of new residential projects, write-off/impairment of asset, one-time income/expense, etc

in associates. Cost of service amounted to Baht 10,311 Million representing an increase from the previous year by Baht 536 Million or 5.5 percent mainly from the increase in operating expense, expenses

standard, resulting to the increase of interest expense from the same quarter of the previous year. In this quarter, the Company had no amount of share of profit from investments in associates but recorded

Baht 2,451 Million representing an increase from the same quarter of the previous year by Baht 89 Million or 3.8 percent mainly from the increase in operating expense and amortization. Selling and

amortization expense due to cost of rights to operated expressway sectors of Si Rat Expressway Sector A, B, C were fully amortized in the first quarter of the year 2020 whereas there was an increase in expenses