AND ANALYSIS 2019 Revenue from steel tower manufacturing decreased by 37.21% as a result of rescheduling of production and delivery plan by major customer from 2019 to mid of 2020 due to eminent domain

(“Company”) would like to notify the operating result stated in consolidated financial statements for the third Quarter period ended September 30, 2020 compared with the same period of 2019. For the operating

increase of number of Thai and foreign tourists. As a result, the service sector and private consumption have expanded. Private investment has improved while Public expenditure shrink from regular government

Management Discussion and Analysis ( - translation - ) For operating result of 2Q19, ended 30 June 2019 Raimon Land Public Company Limited | 14 August 2019 1 / 8 Major Events in 2Q19 and July 2019

due to 1) sales decrease; 2) higher cost per unit as a result of lower utilization rate; 3) higher depreciation; 4) higher excise tax and sugar tax following the Excise Act, B.E. 2560; 5) sales

Microsoft Word - MD&A_Q3'2019_E Management Discussion and Analysis For the Financial Result of Quarter 3 Year 2019 Ended September 30, 2019 Note: This Management Discussion and Analysis (MD&A) was

addition, sales and service income also increased from sales of biomass power plants as the result from revenue recognition of biomass power plant in Khlong Khlung, Kamphaeng Phet Province which started its

mentioned projects were high in value but relatively low in gross profit due to high competition. As the result, the decreased rate of the revenues from sales, services and construction contract was higher

million Baht or 17% as compared to 2017. Profit (Loss) As a result, the Company recorded net loss of 5,153 million Baht (59% of the total revenue), increased by 3,106% as compared to 2017 with net profit of

. 66 2 654 3344 Fax. 66 2 654 3323 Profit (Loss) As a result, the Company recorded net loss of 5,153 million Baht (59% of the total revenue), increased by 3,106% as compared to 2017 with net profit of