, excluding the following businesses: (a) securities borrowing and lending business; (b) mutual fund management for foreign investors. (2) person licensed to undertake derivatives business in the category of

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Bt78,463mn grew 6.3% supported by cost management, with margin 42. 8% vs guidance of to maintain EBITDA margin. Net profit was Bt31,051mn, increased 4.6% YoY and invested CAPEX was Bt20mn versus the guidance

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PowerPoint Presentation SYNERGIZING POWER & UTILITIES FOR THE GLOBAL FUTURE MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q3/2017 GLOBAL POWER SYNERGY PUBLIC COMPANY LIMITED Management Discussion

goals. Hence, determination of regulations on supervision of derivatives clearing houses, efficient use of information technology (IT governance), and implementation of appropriate risk management and