employee expenses on growing business, depreciation on building improvement and equipment of the subsidiaries and the provision for doubtful accounts of the Company. Finance cost In 2Q17, the Group has the

) from Baht 2,600 million as of 31 December 2019. Source of Funds The Company had net cash inflow of Baht 190 million consisting of the followings; • Cash inflow from financing activities mainly consisting

1 Translation CEN 015-2020 August 14, 2020 Subject Notification on disposal of investment in subsidiaries (Biomass Power Plants Business) of Ua Withya Public Company Limited To The Manager and

Microsoft Word - 2020.07.15_3M 2020_MACO_MDA_EN_Final - Auditor edit MANAGEMENT DISCUSSION & ANALYSIS FOR THE 3-MONTH ENDED MARCH 2020 (3M 2020) 15 JUL 2020 MASTER AD PUBLIC COMPANY LIMITED 1

Management’s Discussion and Analysis For the operating results of FY2018 Global Green Chemicals Public Company Limited Global Green Chemicals Public Company Limited Management’s Discussion and

Dusit Thani PLC Management Discussion and Analysis 4Q18 and FY2018 P a g e | 1 Executive Summary The Company reported net profit of THB 119 million in 4Q18, a decrease of 59.0% from the same period

growth rate of total revenue was higher than the growth rate of total expenses, the Net profit attributable to Equity holders of the Company was of Bt322.6 million, an increase of Bt17.0 million or 5.6%(y

Ref: UWC 025/2562 November 13, 2019 Subject: Management Discussion and Analysis 3rd Quarter ended September 30, 2019 To: President The Stock Exchange of Thailand Ua Withya Public Company Limited

increased by 3.9% ( y-o-y) , resulting in the net profit attributable to Euity holders of the company in the year 2019 amounted to Bt939. 9 million decreased by Bt110. 7 million or 10.5%(y-o-y) , with a net

expenses at 3.7%(y-o-y), the Net profit attributable to Equity holders of the Company in 2018 were of Bt1,050.6 million which increased by Bt80.0 million or 8.2%(y-o-y), representing the Net profit margin of