revenue for RBD Palm oil for biodiesel was 73.37% in the 1st quarter of 2019. This was similar to 75.90% in the 1st quarter of 2018 and all previous years. The profit has seen steady growth in this sector

Execution due to Acquisition or Disposal of Assets”. 3.3 The reason of the acquisition Due to the overall of automotive group business has rapid change and continuing decrease the growth and slow down

growth and slow down. Although the company has tried to expand the channels to the new market and variety of industries. The company also has subsidiaries in the group that have relatively high operating

and Execution due to Acquisition or Disposal of Assets”. 3.3 The reason of the acquisition Due to the overall of automotive group business has rapid change and continuing decrease the growth and slow

12.1% increase from Baht 422.7 million in 2Q2018 mainly due to increase of Other Utilties Revenue 2,236.6% YoY and Operating Revenue 0.2% YoY. The increase of Operating Revenue was attributable to growth

of long-term loan from financial institutions and the dividend for the second half of 2018 to the shareholder. - Short-term investments were 465.39 million Baht, increased by 61.11 million baht

2017 of 21.88 percent, an decrease in long-term loan and financial lease liabilities due within one year of 24 percent and a decrease in loan interest payment of 36.21 percent. (5) Debt Obligation The

in HRC market price. In Q2/18, an overall market for Steel industry has dropped as cyclical situation according to a long holiday period in April and starting of the rain season which will result to a

continued to be key growth drivers of our performance in 2Q 2018. 2 MD&A 2Q 2018 (ended 30 June 2018) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2018 6 AUG 2018 IMPORTANT EVENTS IN 2Q 2018 - In May

-22% 1,796 -22% 1,599 2,154 -26% - Long Chain 1,310 1,336 -2% 1,271 3% 1,291 1,389 -7% Average Natural FA (2) 1,570 1,783 -12% 1,784 -12% 1,677 2,013 -17% CPKO (3) 921 999 -8% 1,138 -19% 1,029 1,258 -18