strategic move by combining Central and Robinson department store. The business synergy will give the combined department stores a significant acceleration to become more customer- centric, as well as to

oil price throughout the quarter, leading to an inventory loss. However, despite the refinery Hydrogen Production Unit and Hydrocracking Unit temporary shut down, refinery’s average crude run remained

non-food business reopened after eased lock down. Central Retail Corporation Public Company Limited Management discussion and analysis /Page 2 3. Italy: We temporarily closed all 9 department stores

beginning of May 2020. In Italy, 9 department stores were closed starting from 12 March 2020 to 17 May 2020. Currently, our stores have been re-opened with strong preventive health measures in all business

in such a way to improve overall performance. On revenues side the Company is on process of working together with leading telecommunication operator to expand SIM card distribution and other services

or 38.06% from Baht 85.18 million in the corresponding period of the previous year, leading gross profit margin to edge down from 61.99% to 57.16% over the said period. This stemmed from a boost in

was due to the fact that the Company has focused on promotional activities were also organized jointly with leading shops and department stores. In May 2017, the Company cooperated with Big C

strengthens its financial position and ready to be one of the leading of insurance company in Thailand. The business plan of JP Insurance will utilize the resource from the Jaymart Group of Companies under

contracts, leading to a recorded EBITDA of THB 2,198 million (+46% YoY, +140% QoQ). 6 | Management Discussion and Analysis of Business Operation for the 3rd quarter of 2017 Bangchak Corporation Plc. Bio-based

mainly from the disbursement in construction and machinery purchase from the Royal Irrigation Department and Department of Rural Roads. Meanwhile, in the external sector, export expanded at a slower pace