subsidiaries (“KSL”) would like to report our financial performance of 3rd quarter 2018 (May 2018 – July 2018). The Company recorded total revenue of THB 5,293 million compare to THB 4,191 million last year

internal organization. To support the continuous growth rate in the future by focusing on the allocation of capital to improve factories and machineries instead of revenue growth and the revenue from sales

Page 1 of 7 Management Discussion and Analysis 2018 Executive Summary The operating result of 2018, Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reached total revenue of

Company Limited (“Solaris”). The allowance is based on a conservative accounting approach. This amount can be reversed in the future if debt is repaid. Other reasons are as follow:- 1. Total revenue

amount of 1,240 million baht. On a prorated basis of shareholding, the Company recorded gain on sale of such land in an amount of 682 million bah, decreasing 602 million baht. 6. Details of the revenue

as follows:- 1. Total revenue was Baht 27.73 million, an increase by Baht 0.30 million or 1% mainly from:  Return on financial instruments for the third quarter of Baht 9.28 million decreased by Baht

) % Income Revenue from sale of goods 126,068 86,805 39,263 45.23 Revenue from sevice 49,842 54,488 (4,646) (8.53) Cost of sale of goods (97,455) (64,937) 32,518 (50.08) Cost of service (29,149) (27,835) 1,314

Increase/(decrease) % Income Revenue from sale of goods 126,068 86,805 39,263 45.23 Revenue from sevice 49,842 54,488 (4,646) (8.53) Cost of sale of goods (97,455) (64,937) 32,518 (50.08) Cost of service

10.6% 25.1% 3,862.1 4,766.5 23.4% Revenue from finance lease under power purchase agreement 104.9 95.3 109.4 14.8% 4.3% 305.7 307.0 0.4% Cost of sales and services (971.2) (1,174.0) (1,350.7) 15.1% 39.1

Group”) as follow: THB Mn THB Mn THB Mn % Sales of goods and services 1,115.7 1,110.5 5.2 0.5 Revenue from finance lease under power purchase agreement 100.9 102.3 (1.4) (1.4) Revenue from construction