sales and services principally consist of fuel costs, aircraft repair and maintenance costs, personnel expense, cost of passenger services and aircraft rentals. For the second quarter and the six- month

field’s average production declined due to its scheduled maintenance in August. The company also recorded an increase in exploration expense coinciding with the operation plans of OKEA, and realized loss on

and Administrative expense in its initial phase, resulting in the soften operation performance compared to last year. Power Plant Business Group, performance improved due to the commencement of the

Microsoft Word - UPF61MD&A-E.doc ( Translation ) 25th February 2019 Subject: Management Discussion and Analysis (MD&A) for the year ends on 31st December 2018 To: Managing Director of the Stock

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

Operation of the Year 2019 Attention: Directors and Manager, The Stock Exchange of Thailand N.D. Rubber Public Company Limited (“the Company”) would like to present the MD&A for the Three- Month and Twelve

(Translation) NEP-AC 001/2018 22 February 2018 Subject : Management Discussion and Analysis for the year ended 31 December 2017 To : The President The Stock Exchange of Thailand Operating Result NEP

วันที่ 10 พฤษภาคม พ 1 Ref. LPN/SorKor/289/2561 8th November 2018 Re: Financial Statements Analysis Report Q3/2018 Dear: President The Stock Exchange of Thailand L.P.N. Development Public Co.,Ltd

Translation CEN 016-2020 August 14, 2020 Subject Management Discussion and Analysis for business operation of Quarter 2/2020 To The Manager and President The Stock Exchange of Thailand Capital

-Translation- Ref. WINNER 006/2020 February 27, 2020 Subject: Management Discussion and Analysis (MD & A) for the year 2019 To: The President The Stock Exchange of Thailand 1. Analysis of Overall