27 February 2018 At: ACC/HO 011/61 Re: Management Discussion and Analysis for the year ended 31 December 2017 To: President The Stock Exchange of Thailand In the first half of 2017 the Thai economy

net profit margin to total revenue was 0.83 percent. Performance of the Company and subsidiaries for 1st half Ending 30 Jun 2019 Revenue from Sales and Services In the first half of year 2019, the

& Hoeglund Public Company Limited (“the Company”), the management would like to explain the situation that effect to the operating result of the Group companies for the first half of year 2018 as follows; 1

hydrated lime), calcium carbonate CaCO3, trading of lime and magnesium derivative products, machinery and engineering services and equipment. In the first half of 2017 compared with first half of 2016, total

the launch of new projects in the latter half of 2019. However, the impacts of LTV measures and overall situation are far more severe than expected. It affects not only the Company but the whole

786.7 MB, or 62.2%; the main reason is that, in the first half year 2019, there was the investment on many large–scale projects which the Company has just recently received. Those projects were in

operating result for the first half of the 2019 The company’s net profit for the first half of 2019 was Baht 439.18 million equivalent to a net profit margin of 4.6%, an increase of 49.1% over the same period

baht per share, totaling Baht 23.36 million. For the first half of 2019, ended June 30, 2019 The operating results of the Company and its subsidiaries for the first half of 2019, ended June 30, 2019 was

(S) PTE. Limited. at the amount of Baht 8.49 million. 2. The Operating Results Analysis For the first half of 2020, ended June 30, 2020 The operating results of the Company and its subsidiaries for the

of last year. Revenue from sales of first half on 2018 decreased 0.25 percent due to the effect of Thai Baht appreciation even though sale volume and sale in CNF incoterm increased from first half on