gain from asset sale to director, which is not related to the Company’s core business. Cost of sales and services Cost of sales and services consists of cost of sales from renewable energy investment

baht increased 608 million baht or 12% y-y and 6% q-q. This is the result of continued growth in core business revenues especially in credit card increased by 17% y-y, which in line with increasing of

63 million and THB 123 million, respectively, which increased by 117% from Q2/2018 and 105% from 1H/2018, respectively, corresponding to the increase in operating revenue and better expense control to

and values the corporate governance for running the business in term of economics, social and environment together with all stakeholders’ benefit in order to enable us as a world- class energy company

4.3% YoY to THB 1,462mn mainly due to the expansion of hotel business through new hotels launch, through new acquisitions and the contribution from acquired assets under the Entire Business Transfer of

1 Translation CEN 012-2019 May 14, 2019 Subject Management discussion and analysis for business operation Quarter 1-2019 To The Manager and President The Stock Exchange of Thailand For 3 months

Microsoft Word - MD&A Q2-2019 (revised 2) (1).docx                 August 6, 2019 Reference no. RWI /RY/011/2562 Subject : Management’s Discussion and Analysis of Business Operations of the Second

the same quarter of 2017 due to the fact that Mana Patanakarn Co.,Ltd., the Company’s subsidiary company which do real estate development business, has transferred the ownership of houses and

set up full allowance for impairment for Thanh Cong investment prior to the sale, and reversed such expense in the profit and loss in the same period.  The Company recognized share of profit from

, normalized share of profit from associates and joint ventures in power business increased by 41.7%, according to the number of days in operation of GHECO-One compared to the previous year that had a planned