is still slowing down, the Corporate Group believes that its growth rate can still be maintained at a good level by using the strategy, namely “Complete Set of Beauty, Entirely Filled with Diamond

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

was under monitoring because of the dredging of Nongkho reservoir, while those of Rayong province was in moderate level. Water supply in the reservoirs was approximately lower than the average water

2018 to maintain the growth rate, having factors including the recovery of construction material market after the improvement of purchasing power of the provincial customers and also the construction

decline in consumption of Construction Sectors, as well as Steel Sectors. However, the Company still maintains the operation at 15 hours per day in order to keep production capacity at high level and, at

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