Page 1 of 7 Management Discussion and Analysis 2018 Executive Summary The operating result of 2018, Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reached total revenue of

37% EBITDA 81 111 36% 223 288 29% Net Profit (Loss) for the Company 34 54 59% 82 131 60% Gross Profit Margin (%) 64.6% 66.0% 1.3% 63.2% 64.8% 1.6% EBITDA Margin1 (%) 32.8% 32.6% (0.2%) 32.6% 31.6% (1.0

1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 30 June 2020 Bangkok Airways Public Company Limited and Its Subsidiaries Bangkok Airways Public Company Limited and

Commission No. OrNor. 7/2547 Re: Arbitral Process (No. 3) dated 13 October 2004. Clause 3. In this Notification: “respondent” means any of the followings: (1) a securities company; (2) a local share selling

: Arbitral Process (No. 3) dated 13 October 2004. Clause 3. In this Notification: “respondent” means any of the followings: (1) a securities company; (2) a local share selling agent; (3) a mutual fund

(No. 3) dated 13 October 2004. Clause 3. In this Notification: “respondent” means any of the followings: (1) a securities company; (2) a local share selling agent; (3) a mutual fund supervisor; (4) a

542.84 -230.92 -42.54 Share of gain/loss from investments in associate 0.00 -0.49 0.49 100.00 Loss Before Income Tax -57.17 -128.60 71.43 55.54 Income tax expense -2.43 -1.68 -0.75 44.64 Total loss for the

-66.70 Loss Before Income Tax -9.29 -9.54 0.25 2.62 Income tax expense -0.07 -0.04 -0.03 75.00 Total loss for the period -9.36 -9.58 0.22 2.30 Other Comprehensive Income -4.37 1.96 -6.33 322.96 Total

, 2020 Subject Management’ Discussion and Analysis for the 1st Quarter in 2020 To Directors & Managers The Stock Exchange of Thailand Inter Pharma Public Company Limited (“the Company”) hereby submitting

คำอธิบายและวิเคราะห์งบการเงินรายไตรมาส สำหรับไตรมาสที่ 3 ปี 2545 Management Discussion and Analysis for the 1st Quarter 2018 ended May 31, 2018 AEON Thana Sinsap (Thailand) Public Company Limited