Discussion and Analysis (MD&A) For Q3/2018 13 Appendix Unit : Million Baht 3rd Quarter 2018 3rd Quarter 2017 % Increase (Decrease) Income Revenue from sale of goods 8,666 3,292 163% Gain for debt restructuring
partial repayment for long-term loans during the year 2017. Net Profit The net profit was THB 1 million, up 101.2% yoy as mentioned above. Core business, excluding the gain from the sale of investment
resulted from reduction in working capital due to termination of tolling and repayment of short-term loan USD 20 million from the cash received from Right-offering received in previous quarter. Gain from
million mainly from (i) lower finance costs of THB 624 million or 39% from Q2/2019 due to partial repayment of bridge loan using proceeds from the Right Offering (RO) completed in Q4/2019 and (ii) lower
Board of Directors of Company approved this transaction, there was the resolution on Non-proportional capital increase in subsidiary arising from conversion of debt to equity which the highest value is
repayment of short-term loans from financial institutions. (2.2) Non-current liabilities as of December 31, 2017 amounted 136.1 million Baht compared same period of 2016 was amounted 98.6 million Baht
due to THB appreciation against EUR and GBP • Net debt to equity ratio as of 30 June 2019 was 0.56x, comparing with 0.55x at the end of last year SIGNIFICANT EVENTS 4 major renovation works of Vienna
12% as compared to the same period last year of 224 million Baht. The decrease in the finance costs was from a result of loan repayment regarding the capital increase in Q1 2018 and cash flow received
disruption to the economy. Businesses and employment were affected by the lockdown measures while consumer purchasing power continued to decline due to the high level of household debt. However, the government
553.8 mm, mainly due to advance payment for the land to develop projects. 7. Decrease in short-term loan to related parties of THB 177.2 mm, because of having loan repayment from the associates in power