million in 3Q17 and 9M17, respectively. The main drivers were attributable to a decrease in room revenue due to three hotel renovations and an increase in administrative expenses to support business

a strategic partnership to grow their business and utilize both companies’ strengths in the global market. Total investment is at the amount of up to USD 100 million or equivalent to approximately

fiscal year 2023, the Company has total new sales and credit card spending increased by 4% y-y, mainly due to the continual increase in credit card spending and marketing with business partners. However

Management Discussion and Analysis of Business Operation for the 2nd quarter of 2017 Bangchak Corporation Plc. 1 | Bangchak Corporation Public Company Limited Management Discussion and Analysis of

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the 3rd quarter ended September 30th, 2018 Management Discussion and Analysis of Business

43.84% of total shares, but due to capital reduction in August 2017, NCLcurrently holds 75.35% of total shares. After becoming the major shareholder, NCL improved SSK business strategy, resulting in

the cost of production is manageable while we can improve the selling price. 2. Business Outlook on Q3/2017 Management’s Discussion and Analysis (MD&A) For Q2/2017 3 Executive Summary In the second

Operating Revenue consists of Raw Water Sales, Industrial Water Sales, and Wastewater Treatment Services. 2 Other Incomes from Utilities Business consists of Excessive Charge for additional Utilities demand

decreased Baht 14 million or 7.1 percent. - The sales income from the new business, manufacture of skincare products, cosmetics, food supplements and medical used to treat skin disease, was acquired from

business, featuring both house brand – separate by Apparel under brand Inco, Cheval, Sleep Mate, ETC brand, Non- Apparel under brand Cherish, Prim, Rollica, Cushy, etc., and other brand products. The Company