decreased to THB 3 . 8mn from THB 6 . 3mn in 3Q1 8 as the Company started F&B business in March 2018, therefore, setting up costs, as one-time expenses, occurred during 2018 period. In 9M19, cost of real

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary CPN’s total revenue and net profit continues to grow according to its business plan

Date). The payment date was on 28 May 2019. 2) 28 May 2019, the Company signed joint venture agreement with Mitsubishi Estate Asia (full name - MEA Commercial Holding PTE Ltd.) from Japan, to jointly

MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 7 AUGUST 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 2Q 2019  Consolidated revenue increased by 161.5% YoY to THB

Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the period ended 30 September 2020 of the Company and the subsidiaries

income from loans to Sansiri JV and a gain on sale of assets. Total consolidated expenses amounted to THB 1,977mn in 3Q 2018, a decrease of 8.3% YoY or THB 179mn. During the quarter the Company recorded a

transformation. The IVOL gas Healthy balance sheet and dividend payout Transformative acquisition completed Operating cash flow (OCF) up 6% YoY Company credit rating re-affirmed to AA- by TRIS Industry spreads

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10 years and a maturity date in 2028, and bear a fixed interest rate of 4.50 percent per annum. Payment under the notes is guaranteed by the Company. The net proceeds from the issue of the new notes

domestically and in the region. Initially, the company will produce batteries for customers in the PTT group and will be ready to expand the production capacity according to market demand, up to the level of