before the due date with M.V. Television (Thailand) Co., Ltd. for 16 satellite television channels of DCORP by starting return the channels since the end of 2015 and ended on March 31, 2016. This matched

convenience and duration. Also, there was a test run of the Management Discussion and Analysis of Business Operation for 3Q/2018 Bangchak Corporation Plc. I 13 service station with the overhead digital fuel

Company Limited Management’s Discussion and Analysis (MD&A) Page 13 of 18 (1) Return on assets and return on equity are calculated based on net profit in the last twelve months (2) Interest bearing debt to

the laws of Thailand which engages in static billboard and digital LED advertising media business, by purchasing 500,000 existing shares with a par value of THB 100 per share, equivalent to 50 percent

., LTD. MODERN: MODERNFORM GROUP PUBLIC COMPANY LIMITED MONO: MONO NEXT PUBLIC COMPANY LIMITED MOONG: MOONG PATTANA INTERNATIONAL PUBLIC COMPANY LIMITED MORE: MORE RETURN PUBLIC COMPANY LIMITED MPIC: M

13.8% 21.6% Net profit margin -0.8% 8.2% Efficiency ratio 30-Jun-19 30-Jun-18 Return on equity* 0.8% 9.9% Return on asset* 2.5% 7.5% Liquidity ratio 30-Jun-19 31-Dec-18 Current ratio (time) 0.70 1.35

13.8% 21.6% Net profit margin -0.8% 8.2% Efficiency ratio 30-Jun-19 30-Jun-18 Return on equity* 0.8% 9.9% Return on asset* 2.6% 7.5% Liquidity ratio 30-Jun-19 31-Dec-18 Current ratio (time) 0.70 1.35

% 1.0% Return on average assets /1 0.35% 0.93% 1.19% (0.58)% (0.84)% 0.62% 1.18% (0.56)% Return on average equity /1 2.92% 7.32% 8.84% (4.40)% (5.92)% 5.07% 8.81% (3.74)% /1 Attributable to owners of the

operating income ratio 22.7% 21.2% 21.2% 1.5% 1.5% 22.6% 22.2% 0.4% Cost to income ratio 41.9% 45.3% 43.5% (3.3)% (1.6)% 43.3% 42.1% 1.2% Return on average assets * 1.17% 1.19% 1.14% (0.02)% 0.03% 1.18% 1.16

วามเสี่ยงที่เพิ่มขึน้ในอนาคต นอกจากนี ้ปัจจยัเสี่ยงที่เพิ่มขึน้จาก ภาวะเศรษฐกิจโลกและเศรษฐกิจภายในประเทศ ประกอบกบัผลกระทบจากการเปลี่ยนแปลงทางเทคโนโลยี Digital Disruption ยงัมีผลตอ่ระดบัรายได้และต้นทนุ