decreased as a result of the decline in retail and wholesale sales. Management Discussion & Analysis Q3/2023 2 I 10 Nevertheless, some channels had an increase in sale revenue which include (1) Commercial

profit of Small Power Producer (SPP) increased by THB 269 million mainly due to higher margin from sales of electricity and steam to industrial customers as a result of lower gas price despite adjustment

since GFN started its operation in 2010. As a result, revenue from selling live broilers to GFN in 2018 improved by 14.80% comparing to 2017. Processed Foods Segment Revenue from processed foods segment

especially for selling of DOC from GP Breeding Company Limited. Besides, revenue from selling live broilers to GFN has been snowballing. As a result, sales volume of selling live broilers to GFN in 3Q2017

started its operation in 2010. As a result, sales volume of selling live broilers to GFN in 2017 improved by 8.56% comparing to 2016. GFPT Public Company Limited Management Discussion and Analysis for the

margin rose by 0.14 percent from an improvement in yield on earning assets in all categories, combined with an increase in loan volume. As a result, interest income rose by Baht 1,782 million from the same

have increased - except for Hadyai. However, ARR for the Maldives market has decreased by 3.5% YoY as a result of the current intensely competitive hotels business in that market mainly due to the

comply with standards and ethics regarding appraisal profession, and [ii] member punishment, including [iii] any other information received as a result of being Institute of Appraisal Profession; (c

expenses; and 6) higher finance costs due to higher borrowings as a result of additional investments in machinery and joint ventures both in Thailand and overseas.  EBITDA in Q1/2018 was Baht 75 million, a

from Bt156 in 2Q20 to Bt157 in 3Q20 as a result of price adjustment. Price competition had resulted in postpaid ARPU dilution, -4.8% QoQ to Bt498. Overall, blended ARPU declined to Bt237 or -6.8% YoY and