under (1) to (9) or (11) to (25); (11) provident fund; (12) Government Pension Fund; (13) Social Security Fund; (14) National Savings Fund; (15) Financial Institution Development Fund; (16) derivatives

. However, selling and administrative expenses (including research and development R&D) to sales ratio is down from 15.2% in the same quarter last year to 13.7% in this quarter due to the lower selling

employee expenses. Expenses from research & development, and innovation In compliance to NSTDA’s guideline, the Company reported research and development, and innovation expenses at Baht 1.19 million

ที่ บช NO. AC. 04/2019 14 November 2019 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M.K. Real Estate Development

6 3.1 Sustainable Development and Corporate Governance 6 3.2 Business Directions of KASIKORNBANK and the Wholly-owned Subsidiaries of KASIKORNBANK 7 3.3 Customer Segments and Services 8 3.4 Service

delivery. In addition, the Company attempted to increase sales by engaging in the development of products with customers to create reliability for customers in dealing businesses with the Company. Return on

, primarily due to fair value adjustments on investment property at THB 794m realized in 9M18. For 3Q19, the Company reported total revenue of THB 3,520m, grew by 94% YoY. 275% growth in revenue from sales of

profit from sales of Anantara Chiang Mai serviced apartment units under our associated company MHG NPark Development Company Limited. 1.4 Share of Profit from Investments in Joint Ventures (JV) Share of

(35.78) (1.88%) EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q3/2017 EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY

previous year. EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR 2017 EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED