below-the-expectation sales in other product categories due to the strong competition and becoming another stable sources of revenue in the future. - Translation - Page 6 of 11 Gross profits margin by

9% from Q2/2017. The increase in the profit is due to the rise in sales price resulted from the increase in Ft rate in Q3/2017. Also, the volume of electricity and steam sold at Rayong Central

addition, the increase was also from higher electricity revenue from IRPC-CP plant, which is the result of higher natural gas prices. The operating revenue of Q3/2018 significantly increased by Baht 2,418

to mid-single digit, while maintaining EBITDA outlook with low-single digit decline and CAPEX of around Bt35bn. Market and Competitive Environment In 3Q20, mobile competition remained stable as all

economy and price competition Mobile revenue was Bt28,847mn, decreasing -1.7% YoY and -2.5% QoQ impacted by low spending amidst Omicron’s spread and relatively high base of 1Q21 from government stimulus

Microsoft Word - MD&A Y2017 _E_ Final Ratchaburi Electricity Generating Holding PCL Management Discussion and Analysis For the Year Ended 31 December, 2017 Management Discussion and Analysis For the

% resulted from the demand in electricity and steam from industrial customers slightly fall during Q2/2017. Performance of the company’s operating power plants in Q2/2017 compared to Q1/2017 (QoQ): • Sriracha

412.28 (44.66) (12.61) 707.30 715.26 (3.01) (0.50) - Publishing business 106.04 174.50 (68.45) (39.23) 258.61 331.35 (72.74) (21.95) - Electricity business 257.67 237.78 23.79 13.25 448.69 383.91 69.73

came from revenue from transmission and telecommunication tower and revenue from sales of electricity. In Q1-2020, The Group reported revenue from transmission and telecommunication tower and revenue

of the Thai baht and the intense competition which caused the exports to shrink from the previous year. Domestic consumption was also affected by high living expenses and household debt, as well as the