lower Availability Payment Rate and Thai Baht appreciation. Normalized Share of Profit/(Loss) from Investments of Utilities Business was Baht (13.5) million due to the recognition from Share of Loss from

. Overall market environment During the second quarter of 2019, the growth momentum for the Thai economy slowed down from both the domestic and external demand. Private investment contracted both in

environment During the second quarter of 2019, the growth momentum for the Thai economy slowed down from both the domestic and external demand. Private investment contracted both in investment in construction

mainly from administrative expenses. Performance of food center services business Revenue from food center services Due to the adoption of Thai Financial Reporting Standard 15 (TFRS 15) on Revenue from

position for the first quarter of 2018 with those of 2017. This report discusses principal changes in the unreviewed consolidated financial statements. Overall market environment The Thai economy for the

first quarter of 2018 with those of 2017. This report discusses principal changes in the reviewed consolidated financial statements. Overall market environment The Thai economy for the first quarter of

Ventures Public Company Limited for the first quarter of 2018 We are pleased to submit: 1. Consolidated and Company only Annual Audited Financial Statements for the first quarter of 2018 (a copy in Thai and

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the 2nd quarter ended June 30th, 2018 Management Discussion and Analysis of Business Operation

Baht) Consolidated Financial Statements 3Q'19 3Q'18 % YTD YTD % Change 2019 2018 Change Total Revenue 452.8 443.4 2.1% 1,387.3 1,288.9 7.6% - Utilities Business 449.8 442.3 1.7% 1,381.4 1,287.0 7.3

statements. Overall market environment The Thai economy for the first 8 months of 2019 grew at a slower pace from both the domestic and external demands. Private consumption slowed down in almost all