of 2018 of Baht 1,163.53 million (excluding fuel costs of Baht 8,296.77 million). The main reason was cost of sales from RATCH-Australia Corporation Pty Ltd, a subsidiary, increased in the amount of

market Management Discussion and Analysis of Business Operation for 2Q/2018 Bangchak Corporation Plc. I 4 which is the main channel. Retail sales market share was at the 2nd rank, and is continuously

Other income for the 3 rd quarter of 2018 was Baht 7.95 million, decreasing by Baht 91.62 million or 92.0 percent from Baht EE.FG million in the H rd quarter of 2017. The main reason was, in the 3 rd

Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND Tel: 02-0195000 18 February 2019 No. ZEN 2562-002 Subject Management Discussion and Analysis for

Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND Tel: 02-0195000 18 February 2019 No. ZEN 2562-004 Subject Management Discussion and Analysis for

Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND Tel: 02-0195000 18 February 2019 No. ZEN 2562-006 Subject Management Discussion and Analysis for

Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND Tel: 02-0195000 18 February 2019 No. ZEN 2562-008 Subject Management Discussion and Analysis for 9

Australia On March 19, 2019, Collector Wind Farm Pty Ltd, a wholly owned subsidiary of RATCH-Australia Corporation Pty Ltd, had signed a binding debt documents with Clean Energy Finance Corporation, the

amount of THB 500.38 million, the main reasons were as follows: (1) RH International (Singapore) Corporation Pte Ltd “RHIS”, a subsidiary, redeemed debenture which was due in May 2019 in the amount of USD

could affect the preparation of financial statements of listed companies. The main objective of the guidelines is to ensure clarity of application of accounting standards in financial statements of