decrease of 47.0%, due to the recognition of share of loss from joint venture ‘s performance in during the year 2019 Equipment for lease of the Q4 – 2019 increased by 23.0 MB or 23.6 percent, due to the

366 million. Management’s Discussion and Analysis (MD&A) For Q1/2018 13 Appendix Unit : Million Baht 1st Quarter 2018 1st Quarter 2017 % Increase (Decrease) Income Revenue from sale of goods 8,117 3,526

Status Management’s Discussion and Analysis (MD&A) For Q2/2018 12 Appendix Unit : Million Baht 2nd Quarter 2018 2nd Quarter 2017 % Increase (Decrease) Income Revenue from sale of goods 7,815 3,276 139

costs of service were Bt1,948mn, decreasing - 22% YoY, - 6. 8% QoQ due to decrease in prepaid commission following the declined prepaid revenue, and decrease in interconnection charge cost. SG&A expenses

the slight increase in Ft charge but a decrease of capacity charge (MW) of ABP1 and ABP2. FINANCIAL PERFORMANCE REVENUE STRUCTURE ABBREVIATION & OUR PROJECTSEXECUTIVE SUMMARY FINANCIAL PERFORMANCE

earnings per share (Baht) (3.49) 0.38 0.16 Note: 1/ EBITDA from Refinery Business of the Company, BCP Trading Pte. Ltd. and share of profit from associated companies 2/ EBITDA from Marketing Business of the

) (282) -31% Net profit attributable to owners of the parent 620 370 68% (1,546) 140% 1,732 2,463 -30% Basic earnings per share (Baht) 0.38 0.27 (1.12) 1.18 1.79 Note: 1/ EBITDA from Refinery Business of

services 6,380 5,523 857 15.5% Gross Profit 772 622 151 24.2% Gross Profit Margin (%) 10.8% 10.1% 0.7% SG&A expenses 429 412 16 3.9% EBIT before share of profit (loss) from investment in associates and joint

slightly decrease of the fuel adjustment charge (Ft) for the collection of September - December 2020 of 0.83 Satang/unit resulting in the Ft of -12.43 Satang/unit. Besides, the GPSC has been closely

-36.3% Share of income from investment in associate 0.40 0.40 0.00 0.0% 0.66 0.80 -0.14 -17.5% Corporate Income tax expenses -17.77 -12.02 -5.75 47.8% -32.60 -23.75 -8.85 37.3% Net profit for the period