Microsoft Word - MD&A Y2018 _E_ - Final Ratchaburi Electricity Generating Holding PCL Management Discussion and Analysis For the Year Ended December 31, 2018 Management Discussion and Analysis For

MD&A Q2Y2017 _E_ 09.8.17 Ratchaburi Electricity Generating Holding PCL Management Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 2017 Management Discussion and

, 2018. Assets increased in the amount of Baht 72.22 million due to investment of subsidiary company for more molds for producing minibus. . Please be informed accordingly. Your Sincerely, (Mr. Weerapon

same period of previous year mainly because the significant growth in revenue. The Company had lower proportion of cost due to economy of scale by producing in larger quantities, and the more skill

of cost due to economy of scale by producing in larger quantities, and the more skill acquired from the new machines to produce high- end products, which have higher profit margin than existing

Baht 2,556.62 million, compared with Baht 2,510.53 million as at December 31, 2018. Increased by Baht 46.09 million as a result of subsidiaries company has invested more molds for producing minibus

area in the three southern border provinces. As the location has numerous rubber-wood plantation areas, the rubber- wood is sufficient for producing the MDF Board on a continuous basis. As a consequence

, the rubber- wood is sufficient for producing the MDF Board on a continuous basis. As a consequence, the Company plans to expand an additional business further from furniture producing and distributing

amount of 52.64 million baht, as subsidiary, Grace Water Med Company Limited (“GWM”), operating business of producing and selling dialysis solutions and various medical supplies, which decreased from the

ordinary shares Par value of 100 Baht each Shareholding Ratio The Company holds the shares in the ratio 99.99 percent Objectives Producing and selling packaging Board of Directors 1. Miss Nutchamai