Microsoft Word - MD&A Y2018 _E_ - Final Ratchaburi Electricity Generating Holding PCL Management Discussion and Analysis For the Year Ended December 31, 2018 Management Discussion and Analysis For

addition, the increase was also from higher electricity revenue from IRPC-CP plant, which is the result of higher natural gas prices. The operating revenue of Q3/2018 significantly increased by Baht 2,418

9% from Q2/2017. The increase in the profit is due to the rise in sales price resulted from the increase in Ft rate in Q3/2017. Also, the volume of electricity and steam sold at Rayong Central

Derivative Warrants | RATC27C1511A | DERIVATIVE CALL WARRANTS ON RATCHABURI ELECTRICITY GENERATING HOLDING PUBLIC CO.,LTD. ISSUED BY RHB OSK SECURITIES (THAILAND) PUBLIC COMPANY LIMITED LAST TRADING

Derivative Warrants | RATC11C1512A | DERIVATIVE CALL WARRANTS ON RATCHABURI ELECTRICITY GENERATING HOLDING PUBLIC CO.,LTD. ISSUED BY KASIKORN SECURITIES PUBLIC COMPANY LIMITED LAST TRADING IN

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Derivative Warrants | EGCO01C1507A | DERIVATIVE CALL WARRANTS ON ELECTRICITY GENERATING PUBLIC COMPANY LIMITED ISSUED BY BUALUANG SECURITIES PUBLIC COMPANY LIMITED LAST TRADING IN JULY 2015 # A

Derivative Warrants | RATC27C1505A | DERIVATIVE CALL WARRANTS ON RATCHABURI ELECTRICITY GENERATING HOLDING PUBLIC CO.,LTD. ISSUED BY RHB OSK SECURITIES (THAILAND) PUBLIC COMPANY LIMITED LAST TRADING

Derivative Warrants | EGCO23C1511A | DERIVATIVE CALL WARRANTS ON ELECTRICITY GENERATING PUBLIC COMPANY LIMITED ISSUED BY SCB SECURITIES COMPANY LIMITED LAST TRADING IN NOVEMBER 2015 # A | Stock in