@kiatnakin.co.th Tel. +66-2495-1366 Website: www.kiatnakin.co.th http://www.kiatnakin.co.th/ 2 Management Discussion and Analysis (MD&A) For the fourth quarter and year ended December 31, 2018 comparing operating

while other non-interest income declined yoy. Overall operating expenses also declined from effective cost management when comparing to the same period last year. The Bank continued to remain prudent when

administrative expenses to operating revenue, and tax benefits from BOI.  Operating revenue continued to show growth compared to 9M/2018, mainly driven by 4 key growth drivers including “Younique Customized

Microsoft Word - MD฿A ประจำปี 2560_E 1 -1- Management Discussion and Analysis for the Year 2017 1. Operating Results (Company and Subsidiaries) Consolidated revenue for the twelve months of year 2017

11.5 (1.4) (12.1) -3- 3. Trade and other current payables were declined by 56 million due to improved debt collection process. 4. Property, plant, and equipment was increased by 150 million mainly from

inevitably affected the Company’s operating revenue. In addition, the Company had invested in renovating its long overdue hotels to enhance competitive edge in the market. Moreover, the economic slowdown and

Rajthanee Hospital Public Company Limited (“the Company”) would like to clarify the operating results of the Company and its subsidiaries for the 1st quarter of 2018 ending March 31, 2018 which has been

expenses in certifying hospital standard (JCI), and property tax amounted to Baht 3.40 million. Finance costs The Company booked finance costs amounting to Baht 2.29 million in the nine-month period ended

(“the Company”) and its Subsidiary (“the Group”) would like to clarify the change in operating result for the year ended 31 December 2018, which net profit has changed more than 20% from the last year as

., BANGKAE, BANGKAE, BANGKOK, THAILAND. 10160 Tel: 02-455-2888 Fax: 02-455-2763 (“TRANSLATION”) TG 111/2561 May 14, 2018 Subject: Clarification of the Operating Result for the significant change Attention: The