was mainly due to the lower revenues from EMS business and telecommunication business. The Group’s profit for the second quarter of 2018 amounted to Baht 170 million, which was increased by Baht 54

due to the higher revenue from related technology business and the lower revenue from EMS business. The Group’s profit for the third quarter of 2018 amounted to Baht 137 million, which was increased by

, increasing by 39.59 million baht or up by 8.83% from the revenue of 448.41 million baht booked in 2017. The revenue from equipment rental and service business and the studio rental and service business

1 Translation CEN 012-2020 May 15, 2020 Subject : Management discussion and analysis for business operation Quarter 1-2020 To : The Manager and President The Stock Exchange of Thailand Summarization

2018, with 38 million Baht coming from real estate business due to the sales and transferred 13 units of Condominium which construct completed in the middle of year 2018 while increasing from

the 2nd. Quarter of 2018, with 31.10 million Baht coming from increase in construction materials business while real estate business decreased 34.75 million Baht effect gross profit decrease 5.35

decreased 18% coming from construction materials business cause of property segment starting slowdown and also affected by COVID-19 pandemic impact to the new housing project slowdown or delay while

into a Credit Facility Agreement and Business Assistance Agreement with ArcelorMittal Netherland B.V. (AM) and the company?s offering of its new shares to GSTEEL.  As the aforesaid transactions are

order for MUD to use as working capital and enhance liquidity for its business operations.The Board of Directors and the Audit Committee of SST are of the view that MUD needs to secure additional sources

Management Discussion and Analysis of Business Operation for the 2nd quarter of 2017 Bangchak Corporation Plc. 1 | Bangchak Corporation Public Company Limited Management Discussion and Analysis of