operations will be equal to THB 122mn. 1Q 2018 CONSOLIDATED P&L SNAPSHOT CONSOLIDATED P&L SNAPSHOT 1Q 2018 PERFORMANCE ANALYSIS (YoY) In 1Q 2018, the Company reported a consolidated operating revenue of THB

. Nature of operations of the Group The Group has principally engage in distribution of product and equipment, design, assembly and installation, and maintenance service of pure water treatment system

three years of investment, with so far one new kiln (K7) in operation since January adding an extra 50,000 Mt of capacity, the additional potential of developing new products, as well as the option to add

investment was 510.39 million Baht, increased by 79.87 million Baht due to the cash from operation during the first half of 2018, net off with investment in property, plant and equipment as well as advance

= Translation = Management Discussion and Analysis for Interim Business Operations The Information of Share Capital Registration and Entire Business Transfer The Company registered the change of

million or decreased by 4.9 percent, when comparing to corporate tax expenses by 14.83 million in the same period of previous year. This was mainly due to lower earnings from operations. 1.9 Profit Sharing

restaurant franchise business operations to the Buyer, or had the relevant parties sign new agreements in order for the Buyer to become a party to such agreements in place of the Seller. 3.2 Calculation of the

Management Discussion and Analysis for Interim Business Operations Investment in Subsidiaries In the 3rd quarter of 2018, Hydrotek Public Co., Ltd. has additionally invested in the following

million Baht from the net income netting off with the changes in assets and liabilities from operations 2) Net cash used in Investment Activities amounted to 498.66 million Baht. This was mainly due to the

ส่วนที่ 2 บริษัทที่ออกหลักทรัพย์ - 2.1 วัตถุประสงค์การใช้เงิน Management’s Discussion and Analysis S Hotels and Resorts Public Company Limited S Hotels & Resorts, A Singha Estate Company