Management’s Discussion and Analysis For the period ended 30 September 2017 Bangkok Airways Public Company Limited and Its Subsidiaries 1 ASIA’S BOUTIQUE AIRLINE Bangkok Airways Public Company

Microsoft Word - MD&A Q32018 - ENG.doc 1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 30 September 2018 Bangkok Airways Public Company Limited and Its

credit rating methodologies, models or key rating assumptions on the relevant credit ratings within a reasonable period of time; d. updating on a timely basis the credit rating, as appropriate, based on

September 2017 in comparison with the corresponding period last year ending 30 September 2016 We have committed ourselves to strategies that emphasized on building up strong fundamentals in order to drive our

2018, the Company had net profit of THB 1,446.0 mm, which decreased by THB 113.0 mm or 7.2%, compared to the same period of the last year. If excluding FX impact and one-time loss items, the normalized

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, Ministry of Energy has launched the Energy for All scheme, which aims to enable private companies to form joint ventures with local communities to operate renewable power projects in remote areas. Regarding

/ (Loss) for the period (2,415,470) (1,286,366) -88% (1,261,212) (300,144) -320% Margin -96% -34% -74% -16% Portion of the Companies’ shareholders (1,163,113) (614,448) -89% (1,261,212) (300,144) -320

the period (2,415,470) (1,286,366) -88% (1,261,212) (300,144) -320% Margin -96% -34% -74% -16% Portion of the Companies’ shareholders (1,163,113) (614,448) -89% (1,261,212) (300,144) -320% Margin -46% 5

Microsoft Word - Eng-SET Q3-17 reviewed Ref: FASET 08/60 November 9, 2017 Subject: Report the operating result for the third quarter and for the nine-month period ended September 30, 2017 To