the Global Investment Performance Standard (GIPS).AOP President Dr. Pisit Leeatham said “The PVD Contest has been held for the 7th year now, with the objective of selecting the provident fund which

of their provinces and regions can be regarded as social responsibility and support sustainable development; the issues in which global investors are increasingly interested. All of the 16 companies

- Translation - Management Discussion and Analysis of the Company’s Performance for the Nine Months Ended 30 September 2018 - Translation - JKN GLOBAL MEDIA PUBLIC COMPANY LIMITED Management

from sales & service 719.81 853.77 -133.96 -15.7% Other income 5.57 6.29 -0.72 -11.4% Total revenue 725.38 860.06 -134.68 -15.7% Cost of goods sold & service 638.35 743.25 -104.90 -14.1% Selling expenses

2018 compared to 505mTHB in H1 2017  EBITDA: 68mTHB in Q2 2018 compared to 50mTHB in Q2 2017; 121mTHB in H1 2018 compared to 102mTHB in H1 2017  Net income: 25mTHB in Q2 2018 compared to 23mTHB in Q2

of 1%  EBITDA: 44mTHB in Q2 2020 compared to 38mTHB in Q2 2019 an increase of 16%; 101mTHB in H1 2020 compared to 98mTHB in H1 2019 an increase of 3%  Net income: 21mTHB in H1 2020 compared to 18mTHB

income 5,770 5,733 37 0.64% Other income 79 101 -22 -21.66% Cost of sales and services 5,192 5,176 17 0.32% Gross Profit 578 558 20 3.60% Gross Profit Margin (%) 10.02% 9.73% 0.29% SG&A expenses 449 397 52

: Higher biomass cost. As a result, the gross profit margin dropped in the consolidate income statement from 21% to 16% in 2017. World sugar price volatility At the beginning of 2017, world sugar price has

E_1 Legal_FA_2015_12_29-c A CCoorrppLL44..11hhiigg A Executive Summary Management Discussion and Analysis For the Quarter Ended June 30, 2017 The global economy in the second quarter of 2017

rate decelerated in accordance with the global economic growth which was affected by the trade war between the United States and China, together with the appreciation of the Thai Baht as one of the