sales in material product group due to fluctuations in global markets from US and EU policies. Revenue from rental equipment decreased 5.17 million Baht by 4.82%, achieved Baht 102.07 million cause from

electric equipment, and construction of electrical substation. The Company also has 2 subsidiaries engaging in related businesses, which are (1) IGEN Powertech Company Limited (“IGP”), which 51% shares owned

installation work of Baht 12.26 million decreased by 60.10% from the sub- contracting project nearly completion. And revenue from rental equipment decreased 2.49%, achieved Baht 309.98 million due to the

and service 1,500.3 1,473.3 1,343.3 27.0 1.8 157.0 11.7 Cost of equipment for lease 43.0 35.3 35.3 7.7 21.8 7.7 21.8 Administrative expenses 98.5 99.9 82.9 (1.4) (1.4) 15.6 18.8 Income tax expenses 43.0

E_1 Legal_FA_2015_12_29-c A FFeeCCoorrppLL44..11hhiigg A Executive Summary Management Discussion and Analysis For the Quarter Ended September 30, 2017 The Thai economy maintained steady growth in the third quarter of 2017, buoyed largely by tourism and exports. Nonetheless, the economic recovery was not broad-based, as evidenced by sluggish private consumption. While certain businesses were still fragile, others remained mired in uncertainty in terms of new modes of competition, a broader market...

has shown consistency in the sales of both electricity and steam to industrial users when comparing to the previous quarter showing the ability and capability of both companies to operate stably

both domestic and international economic policies. Households’ purchasing power and debt servicing capability showed no sign of improvement. Under these circumstances, KBank put in place more stringent

advantage of capturing a larger part of the value chain with the addition of PX manufacturing capability.  Earnings from the HVA seg- ment also expanded as a result of higher volume of the specialty feed

capturing a larger part of the value chain with the addition of PX manufacturing capability. EOEG margins remained strong and volumes were also higher following the planned turnaround for catalyst change in

globally. 3 The launch of the ‘i-Lead’ and ‘Shadow’ internal leadership programs reiterated our attention towards en- hancing internal capability and strengthening our management bench strength. The Board of