MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 MARCH 2018 SG&A expense against only 1.5mTHB consolidated EBITDA contribution, since the acquisition was completed only at the very end of the quarter

. The impact is reduced somewhat when we compare EBITDA on a YTD basis (since Saraburi Quicklime is only consolidated from March 19th onwards) but it is still up 30%, and this without contribution from

THB 1,778.7 mm, which decreased by 13.1%, compared to the same period of last year. However, if only considering, normalized share of profit from investments in associates decreased by 4.6%, mainly due

and service increased only Baht 9 million. As a result, gross profit increased Baht 17 million. Moreover, other income increased Baht 1 million and administrative expense decreased Baht 2 million

the usage of machineries in the past 5 years during 2015-2019 where it was found that during such period the Company had not fully utilized the production capacity. The Company has produced only the off

usage of machineries in the past 5 years during 2015-2019 where it was found that during such period the Company had not fully utilized the production capacity. The Company has produced only the off-peak

owner bolstering in online platform, at the proportion of 85% and 15% respectively. The Company believes that not only Woody C Lock shall curtail a certain growth amid more health concerned consumers and

for the product distribution of the retail shops and wholesales shops nationwide. The financial cost has been increasing not only the issuance and offering of the debentures since June this year with

-ร่าง- UNOFFICIAL TRANSLATION Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. Notification of the Capital Market

-ร่าง- UNOFFICIAL TRANSLATION Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. Notification of the Office of the