major course due to the outbreak of Corona Virus Disease 2019 or KOVID-19, which came from the strict control measures both in the country and international and it has broadly affected the economic

Management Discussion and Analysis ( - translation - ) For operating result of 3Q19, ended 30 September 2019 Raimon Land Plc. | 14 November 2019 1 / 7 Major Events in 3Q19 July  Issued unsubordinated

comparing to the same period of the previous year. Mainly due to the good gross margin gained from the metal products, especially the automotive exhaust pipes. In this quarter, the company put more controls

the effect of such change by recognizing the past service costs as expenses in the income statement. However, if excluding such effects the Net profit in the Q2/2019 and the first six months of 2019

previous year or representing 10.8%. In this regard, the cause of the change was as follows: 1. Sales revenue for the mobile phone distribution decreased in the third quarter of 2019 by 1,651.3 million Baht

, 2018 was 5.4% which increased from 4.0% for the same period last year. The main reasons for the increase in profit from continuing operations were mainly due to profit from sales of land under the

Company Unit : Million Baht For the 3 months Change between QoQ Change between YoY For the 9 months Change between YoY Q3/17 Q1/17 Q2/16 Amount % Amount % Q2/17 Q2/16 Amount % Revenues from medical services

year. This is due to the lower sales than in the same quarter of the previous year, affected by the higher intensive competition in stainless steel pipes aluminum and copper in the market and resulting

177 HRC Production Volume (k tons) 185 139 HRC Average Selling Price (THB./ton) 15,885 19,160 HRC Cash Margin (THB./Ton) 590 (58) Unit: million Baht 31 March 2020 31 December 2019 F in a n ci a l S ta

original equipment manufacturers (OEM) for parties, wedding receptions, and any occasion or restaurants. In addition, the Company produces its products under its trademark as per customers’ demands. The