MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 MARCH 2018 While core EBITDA rose considerably versus 1Q 2017 an increase of 64% there were two considerable impacts on the overall EBITDA number. First

year-on-year growth of Baht 164.08 million or 115.40% with a net profit margin of 45.50%, up from 36.59% in the previous corresponding period on the back of a considerable increase in sales and

million or 168.71% with a net profit margin of 46.22%, up from 34.87% in the previous corresponding period on the back of a considerable increase in sales and significant increase in gross profit margin

risks and substantial returns, in South East Asia and beyond, targeting area’s in Energy, Eco and Materials. Other M&A targets, when encouraging, will be considered as well. Please be informed accordingly

months of 2019. Thus, in order to cope with the time frame, substantial subcontractors costing Baht 58 million were employed for Q3/2019. Overall, in terms of the nine-month periods, Unimit and its

major projects within the first nine months of 2019. Thus, in order to cope with the time frame, substantial subcontractors costing was employed for 2019. The huge operating loss in 2019 is an

Solar Power output to 50MW. PDI remains actively looking for projects with acceptable risks and substantial returns, in South East Asia and beyond, targeting area’s in Energy, Eco and Materials. Other M&A

) financial prudence An intermediary shall maintain substantial and adequate financial resources continuously; (5) market conduct An intermediary shall undertake business in keeping with proper standards of

prudence An intermediary shall maintain substantial and adequate financial resources continuously; (5) market conduct An intermediary shall undertake business in keeping with proper standards of market

maintain substantial and adequate financial resources continuously; (5) market conduct An intermediary shall undertake business in keeping with proper standards of market conduct; (6) competent staff