Osotspa Public Company Limited Q3’19 and 9M’19 Management Discussion & Analysis 13 November 2019 Q3’19 and 9M’19 Management Discussion & Analysis Page 1/6 Financial Highlights - Overall Q3’19 Net

Microsoft Word - 2020.08.10_1Q2021_MACO_MDA_EN_V3 MANAGEMENT DISCUSSION & ANALYSIS 1Q 2020/21 ENDED JUNE 2020 11 AUG 2020 MASTER AD PUBLIC COMPANY LIMITED 1 QUARTERLY BUSINESS HIGHLIGHTS – 1Q 2020/21

Mall Public Company Limited (the “Company”) would like to submit management’s discussion and analysis for its result of operations from the consolidated financial statements for the three-month and six

1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 31 December 2019 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE Bangkok

to total revenue ratio was increased by 3.27% as compared to the same period of last year, according to the raise the price of domestic palm oil. Although, the Company still maintains a policy to

Company Limited (“company”) and Subsidiaries (“group”) as their operation in business in year 2020 consists of 6 segments such as investment in other businesses, wire business segment, transmission line

performance for 3-month period ended June 30, 2017. To Managing Director The Stock Exchange of Thailand The Operating results of the company and its subsidiaries for the 3-month period ended June 30, 2017 as in

political clarity from elections. Resulting in a slowdown in investment from the private sector and the public sector, there is intense competition from the domestic market. Increasing product costs due to

Securities Companies (ASCO), the Association of Investment Management Companies (AIMC), the Thai Bond Market Association ThaiBMA, and Accenture Company (Thailand) with Baker McKenzie Company as consultants

2018. As per ISIT the Domestic capacity utilization was thus reduced to 29% in 2019 compared to 37% in 2018. To regain the market share and reduce imports, the Company had to resort to very competitive