revenues and cost EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1/2019 2 1. ANALYSIS OF FINANCIAL PERFORMANCE (Cont.) EBITDA (MB) Quarter 1

total usage amount through “Boonterm kiosk”. 4 Forth Smart Service Public Company Limited (FSMART) 4Q17 Management Discussion and Analysis Cost and Expenses 1) Cost of services in 2017 was Bt2,373mn

hand, crude price during Q1/2018 retracted, which led to lower product cost, resulting in higher marketing margin. Management Discussion and Analysis of Business Operation for Q1/2019 Bangchak

Q1/2019 %QoQ 3 Forth Smart Service Public Company Limited (FSMART) 1Q19 Management Discussion and Analysis Cost and Expenses 1) Cost of services in 1Q19 was Bt629.36mn, representing 78.8% of total

Management Discussion and Analysis of Business Operation for the 2nd quarter of 2017 Bangchak Corporation Plc. 1 | Bangchak Corporation Public Company Limited Management Discussion and Analysis of

. 3 Forth Smart Service Public Company Limited (FSMART) 2Q19 Management Discussion and Analysis Cost and Expenses 1) Cost of services in 2Q19 was Bt640.56mn, representing 79.7% of total revenues from

this transaction is reasonable and beneficial to the business processes of both companies in consider to optimize capital management and minimize financial cost. The risk of not receiving repayment

15. 03% and 15. 18% . Cost of sales can be broken down for turnkey business and for supply and maintenance of which mostly are materials, service / sub-contractors and project management costs. Cost of

and deposits rose as most banks focused mainly on management of deposits, which must be kept at levels appropriate for loan demand, while raising the proportion of low-cost deposits in savings and

strategy has a core principle in reliability, availability, and efficiency of electricity plant management in order to minimize manufacturing and maintenance cost. • The second synergy is increasing