had been audited by the independent auditor. Details are as follows: 1. Main events of the Company 2. Summary of the Company’s operating results 3. Analysis of the consolidated financial performance 4

transaction value is greater than 15 per cent but lower than 50 percent of the consolidated total assets of the Company. The entering into of such transaction constitutes an asset acquisition transaction of the

KCE Electronics PCL has the pleasure of reporting the operating results of the Company and its subsidiaries ("the Group") for fiscal year 2019 based on the audited consolidated financial statements for

MANAGEMENT DISCUSSION & ANALYSIS 1Q 2019 13 MAY 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 1Q 2019 • Consolidated revenue increased by 149.3% to THB 689mn

3Q2017. For 9M2018, Net Proft of Baht 1,643.2 million, a 6.5% increased from 9M2017 with Normalized Net Profit of Baht 1,654.1 million, a 52.5% increased from 9M2017. 1. RESULTS OF OPERATION Consolidated

spreading and the company has proceed a plan to reduce costs and various operating expenses to be eased to impact on revenue and profitability by reducing sales and administrative expenses, such as utilities

, Carabao Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussions and analysis regarding consolidated financial performance and position of the Company and

Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussions and analysis regarding consolidated financial performance and position of the Company and subsidiaries

will be recorded as unearned income in S’s consolidated financial statement and recognized as revenue over 30 years start in Q1’2019. In the meantime, S has invested in 20% shareholding in SPRIME

Analysis (MD&A) Consolidated Financial Results: 3Q19 Major Events Performance Business Plan Document Quick Link Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 2 of 16