product prices, and low inflation rate of 0.5%. The policy rate remained unchanged at 1.50%. Central Pattana Public Company Limited (“The Company” or “CPN”) carried out its business plan, while continued

1 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2017 MD&A FY 2017 (ended 31 December 2017) 12 FEB 2018 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS Thailand’s economic recovery remained on track and

2017/18 (ended 31 December 2017) 7 VGi GLOBAL MEDIA PLC MANAGEMENT DISCUSSION & ANALYSIS 3Q 2017/18 12 FEB 2018 MANAGEMENT OUTLOOK Thailand’s economic recovery remained on track and is poised to continue

associates, joint ventures and others of THB 99 million Financial Ratio The Company’s profitability remained resilient in 2017, showing improved profit margin despite uncontrollable external factors and major

export price average for Q4/2017 was USD 574/mt. FOB, increased from the previous quarter at USD 549/mt., and Russia export price average was USD 549/mt, FOB, remained the same price as previous quarter

average was USD 549/mt, FOB, remained the same price as previous quarter. Management’s Discussion and Analysis (MD&A) for year 2017 (Revised) 8 Chart of hot-rolled coil reference prices on world market for

Limited Global Green Chemicals Public Company Limited Management Discussion and Analysis | 2 Executive Summary In 1Q2019, palm oil production and crude palm oil (CPO) inventory have remained high in both

activities. Overall Domestic HRC market conditions remained subdued with downward pressure on HRC prices due to global trade tensions, high levels of imports and slowdown in Thai economy. While various

market conditions remained subdued with downward pressure on HRC prices due to global trade tensions, high levels of imports and slowdown in Thai economy. While various representations are being made to

times and Debt service coverage ratio (DSCR) remained strong at 2.29 times.