Management Discussion and Analysis ( - translation - ) For operating result of 3Q19, ended 30 September 2019 Raimon Land Plc. | 14 November 2019 1 / 7 Major Events in 3Q19 July  Issued unsubordinated

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Microsoft Word - 2019-Q4_MDA_Eng_R2.docx   No. CAZ 004/2020 28 February 2020 Subject: Management Discussion and Analysis for the year ended 31 December 2019 Attention: The President The Stock

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respectively, and the gross profit margin is 19.11 per cent and 26.34 per cent respectively. Which the gross profit has decreased from new business that started operation in 2018, and the cost of sales on sales

the Management Discussion and Analysis (MD&A) as attached herewith. Please be informed accordingly. Yours faithfully, For and on behalf of Diamond Building Products Public Company Limited (Mr. Satid

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/Interest expense Dusit Thani PLC Management Discussion and Analysis 3Q18 and 9M18 P a g e | 9 Profitability ratio remained resilient in 3Q18, showing improved EBITDA margin and net profit margin. Liquidity

3Q17, sales progress reached 91%. The project was due to complete in 3Q19. Management Discussion and Analysis 3Q17 & 9M17 Consolidated Financial Results Page 2 of 6 • In February 2017, the Company