Q1-2017 (THB 18,695/ton) due to the decrease in HRC market price worldwide and a stagnant of Thai economy in the first half of 2017 causes a lower demand of steel consumption. Management’s Discussion

situations. Another factor of economic slowdown was the drought directly affecting agricultural products as well as their decreasing prices, causing the decrease of the domestic market’s main purchasing power

to the tourism recovery and private consumptions. In additions, the inflation rate decelerated to 3.9% in this quarter from 5.8% last quarter and the unemployment rate in 1Q/2023 continues to reduce to

%. A decrease in the peak demand was mainly influenced by the lower temperature than previous year and the success of implementing energy saving programs, which had pushed down the power consumption

2020 and the first quarter of 2019 of Baht 1,949 million and Baht 3,498 million respectively, decreasing by Baht 1,549 million or 44% decrease compared to the same period of 2019. Details are as follows

exports to reduce from the previous year. Furthermore, the sale of goods to foreign countries has been affected by the continuous appreciation of the Thai baht. Domestic consumption trend continues to

OF OPERATION FOR 3Q2017 Consolidated Financial Statements 3Q2016 3Q2017 Increase/(Decrease) Baht million Baht million Baht million % Revenue from Sales and Services 371.2 406.2 35.0 9.4 - Operating

Increase/(Decrease) Baht million Baht million Baht million % Revenue from Sales and Services 1,467.5 1,633.8 166.2 11.3 - Operating Revenue1 1,317.2 1,570.2 253.0 19.2 - Other Income from Utilities Business2

its subsidiaries financial statement for Year 2017 end as of December 31, 2017, which details are as following; Results Year 2017 Year 2016 Increase (Decrease) Million Baht Million Baht Million Baht

company and its subsidiaries financial statement for Year 2017 end as of December 31, 2017, which details are as following; Results Year 2017 Year 2016 Increase (Decrease) Million Baht Million Baht Million