2,281 million, declined from 3Q/2018 by 4% because methyl ester selling price dropped in relation to declined crude palm oil price and glycerine price decreased due to ample supply, though sales volume

sources during the period. In addition, electricity cost was lower by 76.37 million Baht following to the reduced sales volume. Moreover, the water sources were abundant in Chachoengsao and Chonburi area

million Baht following to the reduced sales volume. Moreover, the water sources were abundant in Chachoengsao and Chonburi area, so that the company did not transfer water from Nongplalai reservoir to

investment grew 4.2% in Q4 versus the same period in 2017 and up 3.9% from Q3. Private-sector investment expenditure on machinery and equipment picked up pace and this industrial expansion is encouraging. The

Limited Management’s Discussion and Analysis (MD&A) 4 of 10 Occupancy rate of CentralMarina after the re-launch picked up to 90% at the end of 2Q17.  Food Destination Zone, which incorporating food court

of 175.56 million THB because the slowdown of investment from the state enterprises in last year has been picked up during this period in 2017. Type Jan.-Jun. 2016 Jan.-Jun. 2017 MB % MB % 1. Sales

the state enterprises in last year has been picked up during this period in 2017. Type Jan.-Sep. 2016 Jan.-Sep. 2017 MB % MB % 1. Sales Revenue 337.80 99.69 599.94 99.84 2. Other Revenue* 1.05 0.31 0.97

in last year has been picked up during the year 2017. Type 2016 2017 MB % MB % 1. Sales Revenue 569.77 99.79 956.85 99.83 2. Other Revenue* 1.19 0.21 1.67 0.17 Total Revenue 570.96 100.00 958.52 100.00

Limited Management Discussion and Analysis | 10 ester plant 2. Furthermore, the company also had an impact from a considerable diminishing of glycerine price due to ample supply, attributed to glycerine

COVID-19 would likely be seen around year- end 2020 or Q1/ 2021. The company believes that there would still be an ample supply of secured collateralized NPLs in the market for the company to continue