3Q2017. The revenue from feed business continued declining due to intense competition in Thailand reflecting falling in revenue from fish feed about 18.42% from lower sales volume of fish feed. However

Hotels". Results for the UK Portfolio, operating under a joint venture, are not consolidated within the Company’s hospitality business, and are instead accounted for using the equity method, pursuant to

in appraisal services in the Kingdom of Thailand continuously for not less than 1 year; (4) having a manager and a person holding executive position responsible for the working field relating to asset

export market to Cambodia and Laos including revenue in Malaysia. But it is decreased by 30.07 million baht comparing with Q2/2018 because of the recession of the economic and higher competition in the

of Business Operation for the 3rd quarter of 2017 Bangchak Corporation Plc. Summary of the Company and its subsidiaries’ operating result for the 3rd quarter ended 30th September 2017 EBITDA Structure

financial statement with FKRMM, NDR’s profit will implicitly increase because since the year 2014 to 2016, FKRMM has continued operating profit of 66.23, 61.12 and 54.58 million baht respectively (refer to

Management Discussion & Analysis ( - translation - ) For operating result of 4Q/18, ended 31 December 2018 Raimon Land Public Company Limited | 27 February 2019 1 / 5 Major Events in Q4/18 and

million, consisting of (1) cash inflows from operating activities before changes in operating assets and liabilities of Baht 37 million; and (2) cash inflows from net change in working capital of Baht 81

118 million, consisting of (1) cash inflows from operating activities before changes in operating assets and liabilities of Baht 40 million; and (2) cash inflows from net change in working capital of

 current building utilisation and lead time to construct new plant or expand in an existing plant. Source of Financial Capital As the group has no net interest bearing debt and operating working capital is