E_1 Legal_FA_2015_12_29-c A FFeeCCoorrppLL44..11hhiigg A Executive Summary Management Discussion and Analysis For the Quarter Ended September 30, 2017 The Thai economy maintained steady growth in the

the Infrastructure Fund of Japan in September 2018. This resulted in the steady amount of overall electricity generated. There were also a profit from the sales of the aforementioned assets before tax

first time since 2008. Criteria for the circuit breaker measure were also adjusted to be more stringent in order to curb excess volatility in the Thai bourse. To cope with the extremely volatile financial

base. However, close attention should be paid to the government’s budget disbursements and global financial markets which may, from time to time, become somewhat volatile. On the inflation front

recorded THB 259 million, most of the loss was THB 255 million from the Foreign Exchange Forward Contract made by BCPG, to hedge against volatile exchange rate, for its investment in the wind power plant in

Industry (Laos) Co., Ltd. of 50.10MB was included in year 2016. The company sustained steady progress in its make-over strategy into renewable Energy by acquiring another 30MW of solar farms in Thailand in

for milk and yogurt and consumer was in steady state. 2. The consolidated gross profit margin was 13.48%, decreased from the same period of last year at 15.43% due to increase in plastic resin cost

the Thai Baht to be volatile and stronger against the US Dollar as well as the interest rates to be volatile and decline. Meanwhile, the Public Debt Management Office (PDMO)’s bond switching wherein

and foreign exchange transactions enjoyed steady growth. Meanwhile, our impairment loss on loans and debt securities grew at a decelerating rate in line with NPLs to total loans which declined slightly

ECB resolved to hold its policy rate steady at zero percent. However, the ECB lowered its interest rate on the deposit facility, putting it more deeply into negative territory, while it also planned to