to levels last seen in 2015/16 as reflected in third quarter earnings. This has been achieved despite being negatively impacted by the cost increase from secondary raw material IPA by about $10 per ton

leading to margin increase in all commodity products, supporting the increase in crude oil prices. All of this is translating into stronger than anticipated earnings in first half 2021. Transformation

DCORP 041/2020 August 13, 2020 Subject Management Discussion and Analysis – Explanation of net profit for the quarter ended June 30, 2020 and the increase in the overall operations of more than 20 percent

Quarter 3’ 2019 3 / 8 3. Analysis of Operating Results Statements of Comprehensive Income – Consolidated (Million Baht) For J-month period ended September JK, Increase (Decrease) % For 9-month period ended

revenue was Bt549mn, an increase of 442% YoY and 44% QoQ, driven by larger subscriber base. FBB represented 1.7% of service revenue.  International revenues and others were Bt1,599mn decreasing 2.7% YoY

Results Statements of Comprehensive Income – Consolidated (Million Baht) For 3-month period ended June 30, Increase (Decrease) % For 6-month period ended June 30, Increase (Decrease) % 2019 2018 2019 2018

Flow Analysis Cash and cash equivalents at the end of H1 2019 decreased by 6mTHB from the start of the period to 33mTHB. The main differences on a year-on-year comparison is the increase in operational

and electronic sector, while non-durable goods sector was marginally increase. Domestic demand slowly improved in all sector as regular income. As a result, domestic industries expanded and business

. Management’s discussion and analysis for the year 2019 3 / 8 3. Analysis of Operating Results Statements of Comprehensive Income – Consolidated (Million Baht) For 12-month period ended December 1, Increase

be expected to increase a lot in the future Since it is an area in the Eastern Economic Corridor area. There is a high rate of growth in the industrial sector. The management sees the opportunity to