Analysis (MD&A) For Q3/2018 2 - Increasing of HRC price: the average selling price of HRC in 3rd Quarter of 2018 was THB 20,715/ton, increased by 15% as compared with last year quarter (THB 18,079/ton

of the previous quarter. The sales volume returned to their former state in June after the various measures have been eased. Net marketing margin per unit increasing after proportion of retail channel

up. As a result, core service revenue in 3Q18, which excluded IC and equipment rental, was Bt33,134mn, increasing 2. 1% YoY but decreasing 0. 9% QoQ. EBITDA remained growth YoY but softened QoQ Cost

, and China’s increasing export after ending their tax program to stimulate car sales for this year. The Mogas/Dubai crack spread (UNL95/DB) decreased by 0.73 $/BBL compared to the averaged 14.42 $/BBL in

increase. Difference between Dated Brent and Dubai price in Q2/2018, on average decreased by 0.54 $/BBL when compared to Q1/2018 was due to high pressure from Dubai crude demand increasing during the Middle

year. The reasons for an increasing of revenues can be explained as following; 1. Revenues from collection of purchased accounted receivables was 341 million Baht which increase from the same period last

development by enhancing the performance of companies and increasing their access to outside capital. The OECD Principles of Corporate Governance provide the framework for the work of the World Bank Group in

roadmap, through highly selective growth and turnaround opportunities, leveraging our strengths in core markets and in further enhancing our products and solutions for our customers. IVL is in the best

CSL outstanding shares. Following the acquisition, AIS will have greater capability to serve increasing business demand for digital solutions e.g. Cloud, business solutions, and managed services in the

under a Power Purchase Agreement) increase 10.8% QoQ from Baht 1,637.7 million to Baht 1,814.8 million. The increasing of Baht 177.1 million mainly derived from sales of natural gas power plant which