forward on its Balance Sheet Strengthening Strategy and achieved a major milestone during the quarter by successfully issuing Rights Offering for THB 1,503 Million to its shareholders, which was

per year, achieved COD in June 2019 in WHA Eastern Seaboard Industrial Estate 4 PERFORMANCE BY BUSINESS Total Revenue of Utilities Business was Baht 473.6 million in 2Q2019, a 12.1% increase from 2Q2018

acquisition date, non-recurring expenses and share of investment in JV and associates. PERFORMANCE ANALYSIS (2017/18 vs 2016/17) 2017/18 was another year of solid progress for VGI. The Company achieved the

joint venture in the micro-loan business, achieved a total outstanding loan balance of THB 1,529mn. The second quarter of 2018/19 (ended 30 September 2018) 3 VGi GLOBAL MEDIA PLC MANAGEMENT DISCUSSION

return to shareholder, the management has formulated business strategy and implemented group restructuring to streamline the business and enhance flexibility, which attributable to well-achieved

of October 2019.  Cua Lo Vietnam Project achieved COD in 3Q2019 with capacity of 13,000 cubic meters per day PERFORMANCE BY BUSINESS Total Revenue and Share of profit of Utilities Business in 3Q2019

31.5% in the corresponding period last year. the rise in gross profits were achieved by both sale growth and improved gross profit margins mentioned above. The improvement in gross profit margins were

. 5 . Electrical appliance distribution business line with hire purchase loan Under the circumstances of the Lock Down, Singer Thailand Public Company Limited ( “Singer” ) has achieved great success in

. The commercial services started in October 2019.  Cua Lo Vietnam Project achieved COD in 3Q2019 with capacity of 13,000 cubic meters per day  Chonburi Clean Energy Company Limited (CCE), associated

. The sales of power under the PPA starts from the project’s first energy generation within 2020 and the PPA will expire on December 31, 2030. On March 24, 2020, RAC achieved a long-term PPA with a