(34.09) -89.88% Share of gain on investments in associate 2.86 (1.44) (4.30) -150.28% 2.89 (1.61) (4.50) -155.77% Finance costs (0.07) (0.07) (0.00) 2.63% (0.13) (0.14) (0.00) 2.07% Profit before income

million and THB 12,520 million, respectively, increasing by THB 1,530 million or 12.2%. The main contribution for this increase was due to the following: 1. Cash & cash equivalents and current investments

of things to do for others without making their own involvement and contribution. The anti-corruption progress indicator will definitely help identify progress and constructive ways to elevate listed

MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 MARCH 2018 SG&A expense against only 1.5mTHB consolidated EBITDA contribution, since the acquisition was completed only at the very end of the quarter

the full effect of Saraburi Quicklime addedon March 19th. Similar to Q1 2018, the revenue was from core business, that is a major shift compared with H1 2017 when the contribution of Engineering was a

capacity (new Kiln 7 started in Hua Pha Way in Q1) and the full effect of Saraburi Quicklime. Similar to Q2 2018, the revenue was primarily from core business without significant contribution from

main contribution in term of passenger growth was from the point-of-sale in China which grew by 59.4 percent from the same period of the previous year. This agreed with considerable growth in passenger

30 million in Q1’2019), primarily due to 1) change in accounting method for BGYSP earnings contribution from equity method to consolidation method after raising stake from 49% to 100% in Q3’2018 and 2

% 2 (82) N/A Share of profit (loss) of associate (6) 18 54 N/A 206% 7 72 963% Gain (loss) from purchase price negotiation - - - N/A N/A 227 - -100% Profit before finance costs and income tax expense

156 92 299 92% 225% 490 663 35% Reversal of allowance for gain/(loss) from impairment of assets 3 19 (1,358) N/A N/A 5 (1,441) N/A Share of profit (loss) of associate (1) 54 420 N/A 678% 5 492 N/A Gain