Writer Ref. No. 066/2562 14 May 2019 SUBJECT : Management Discussion and Analysis ending 31 March 2019 ATTN : The President Stock Exchange of Thailand The Company realized profit for the first

. Profit (Loss) Net Equity of shareholders of the Company for Q2 / 2021 and Q2 / 2020 was 86.00 million baht and 50.11 million baht, respectively. It increase 35.89 million baht or 71.62% when compared with

operate the project and has profit as agreed during the period of agreement after Phase 2-4 start to operate water distribution. HECH would purchase more GS’s share in the future from exisiting shareholder

ended December 31, 2018 as follows: Performance Overview The Company and its subsidiaries had profit attributable to equity holders of the Company amounting to Baht 2,494.31 million, increasing from the

the nine-month ended September 30, 2018 as follows: Performance Overview The Company and its subsidiaries had profit attributable to equity holders of the Company amounting to Baht 2,126.61 million

domestic, with the concerns on Covid-19 situation, hotels, restaurants, and B2B customers faced reduced demand from the market, causing decrement in domestic sales by 35.7%. The Company reported gain from

% Net profit (loss) Attributable to Equity Holders Margin (%) 3.1% 6.4% -3.3% Net profit (loss) attributable to equity holders (Exclude Gain (Loss) on exchange rate) 212.1 431.7 -219.6 -50.9% Net profit

2.03 1,624 585 35.96 Loss on Financial Liabilities Designated at Fair Value through Profit or Loss 1 - 1 612.60 (1) 2 588.06 Gain on Investments 577 244 333 136.83 147 430 292.34 Share of Profit from

directions that focus on effective, timely and proactive integrated risk management (IRM), internal operation efficiency, maximized resource utilization, along with better IT systems, to ensure that we will

222,862 126,068 96,794 76.78 Revenue from services - 49,842 (49,842) (100.00) Costs of sales (169,907) (97,455) 72,452 (74.34) Costs of service - (29,149) (29,149) 100.00 Gross Profit 52,955 49,306 3,649