Limited (the “Company” or “CBG”), are pleased to submit management discussion and analysis regarding consolidated financial performance and position of the Company and subsidiaries (the “Group”) for the 3

was mainly caused by the reduction of input tax of solar cell and equipment for solar energy which has been gradually deducted from output tax during the 6 months. • Other non-current assets decreased

4.30 million in the same quarter of last year decreasing Baht 3.86 million or 89.77 % decrease due to last year, there were the reversing entries of performance guarantee maturity that has not yet been

decline of 6.14 $/BBL or 10% compared to previous year. This has led to performance from 2018 to 2019 of the refinery industry, including the company’s, to decline. In 2019, the company and its subsidiaries

and a change in retirement benefit provisions), representing a reduction of 14.1% Q-o-Q and 59.5% Y-o-Y. The decrease in the operating results was due primarily to a decrease in sales revenue, an

Resources Business Group performance retracted due to the Exploration and Production Business’s production and sales volume decreased from the previous year; according to the Natural Decline Curve, although

as follow; Operating performance : 1. Revenue : The total revenue of the year 2018 was Baht 4,151.37 million representing a decrease 7.35% comparing to the total revenue of Baht 4,480.60 million of

March 31, 2019 To The President The Stock Exchange of Thailand Management’s Discussion and Analysis Consolidated Financial Statements For three months ended March 31, 2019 Overall Group Performance Table

Statements Second Quarterly Operational Performance The Company reported Revenues from Hospital Operations of THB 116.75 million, a 45.30 percent decrease from THB 213.42 million compared to the same period of

only Performance comparison between Q1/2019 and Q1/2018, marketing business recorded THB 123 million decrease in EBITDA, with the following factors affecting performance: 1. Total sales volume of