particularly the tourism sector, Q1 outlook is optimistic for Golden Lime as the new dolime product gains traction and with the positive impact from the sugar season. The delayed 3.2 trillion baht budget is

reduced expectations of a Federal Reserve policy rate increase and positive factors domestically, in particular, seasonality and Thailand’s ongoing current account surplus. Nonetheless, the Baht

reserved. 19 ตัวอย่างการประเมินความเสี่ยง การวิเคราะหส์ถานการณ์ความเสี่ยงทางกายภาพ • กรอบเวลา (Timeframe) • สถานการณ์สมมติท่ีอาจจะเกิดข้ึน (Scenarios) - สถานการณ์ในทางทีด่ ี(Optimistic; SSP2 RCP4.5

supported our performance , and we expect these to normalize in Q4. However, pricing trend continues to be positive and while we have one kiln in maintenance we will continue to see good asset utilization

competitive activity on the export markets. We continue to see the positive impact of our acquisition of Saraburi Quicklime, which we completed in late Q1 2018, and is having a full, positive effect on Q1 for

positive market sentiment in Thailand and on the export markets.” Golden Lime Public Company Limited 4 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 MARCH 2018 2. Outlook Overall Thai economic

also resembles, while we will continue to improve on our journey to zero injuries. Operationally our continued focus on quality and services resulted in recognition from our customers in the form of

ease this pressure, and with the upward trend in prices, we will continue to expect healthy margins.” 2. Outlook Overall Thai economic activity in the first quarter of 2018 beat expectations with an

with multi-band and multi-technology will be serving increasing data demand in short-term and also capturing high value market on 5G service. We expect to continue generating positive cash flow after

– 2,400mn with our recent acquisitions. Net profit margins will however, decline from double-digit to single-digits. Despite challenges in the overseas market, we are optimistic of long-term growth and we