fixed interest rate from 2.05 to 3.01 percent per annum to reduce financial cost and risk management from floating interest rate. As a result, the Company has saved interest expense approximately by Baht

) for the period of approximately 18 months. (Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on June 30, 2017 2 Overview

0.31 times. For the six-month period of 2017 was nearly by the same period of last year at 0.63 times and 0.64 times, respectively. Liquidity ratio for the second quarter and six-month periods of 2017

using the total assets to profit from the turnover of total assets in this quarter was equal to the third quarter of 2016 at 0.32 times. For the nine-month period of 2017 was nearly by the same period of

decreased little from the second quarter of 2018, from 0.30 times to 0.31 times. For the six-month period of 2019 was nearly by the same period of last year at 0.62 times and 0.63 times, respectively

assets in this quarter decreased little from the second quarter of 2018, from 0.30 times to 0.31 times. For the six-month period of 2019 was nearly by the same period of last year at 0.62 times and 0.63

2018 was nearly by the same period of last year at 0.62 times and 0.63 times, respectively. Liquidity ratio for the second quarter and six-month periods of 2018 increased from last year was from 5.81

assets to profit from the turnover of total assets in this quarter did not change from the third quarter of 2017, which was 0.32 times. For the nine-month period of 2018 was nearly by the same period of

times to 0.31 times. For the nine-month period was nearly by the same period of last year at 0.93 times. Liquidity ratio for the third quarter and nine-month periods of 2019 increased from last year was

gross profit decrease 18.75 million Baht and in this quarter, Selling and Administration Expenses nearly to the same period of the last year are 63.99 million Baht. From the above reason, the operation in