Solutions grew by THB 35.31 million or 13.43% from the recognition of license income and implementation fee from projects in Thailand and Malaysia, as well as, organic growth in recurring outsourcing income

HR solutions. HR solutions grew by THB 26.27 million or 15.04% from the recognition of license income and implementation fee from projects in Thailand and Malaysia, as well as, moderate growth in

of license income and implementation fee from projects in Thailand and Malaysia, as well as growth in outsourcing recurring income. Revenues from financial solutions decreased by THB 3.21 million or

million slightly increased by Baht 85 million or 4.2% from last year, which aligned to business growth. Non-recurring Item The Company booked provision for retirement benefit amounted Baht 22 million. This

recurring revenue remains constant at around 77.8% (Q3 2018: 78.2%) versus a non-recurring revenue of 22.2% (Q3 2018: 21.8%). We have a growth in non-recurring revenue in HR Solution of 17.72mb due to the

have a more growth in the recurring income. This caused MK to incur higher expenses when comparing to year 2016 which were as follows: 1) Selling and Administrative Expenses In 2017, Selling and

in building recurring revenue, with the recurring revenue from HR Solutions growing by 9.78mb or 11.7% and recurring revenue from Financial Solutions increasing by 2.22mb or 16.0% . However, the growth

growing by 16.30mb or 9.7% and recurring revenue from Financial Solutions increasing by 4.77mb or 16.5% . However, the growth in recurring revenue was partially offset by the reduction in non-recurring

growing by 18.46mb or 11.1% and recurring revenue from Financial Solutions increasing by 4.82mb or 16.7% . However, the growth in recurring revenue was partially offset by the reduction in non-recurring

of THB 368 million, a 137% growth from 1H17. Excluding the non- recurring items, Company delivered net profit growth of 10% y-y as well as Share of Profit of associates contribution. THB million 2Q18