carrying out effective cost management to maintain profit margin target.

profit of the Corporate Group for the 1st quarter 2019 would be Baht 165.62 million or an increase of 18.30 percent. Details of the changes or impacts are described in the Management Discussion and

August, 2020. However, the operating result without consideration of the effect of FX gain (loss) of the Company and subsidiaries showed the profit of THB 2,516.29 million. Management Discussion and

% Net profit margin (%) (8.9)% 5.8% 0.1% * Excludes other income and impairment charges, profit/loss from discontinued operation MANAGEMENT DISCUSSION & ANALYSIS 1Q 2018 15 MAY 2018 U CITY PCL 1Q 2018 MD

& Analysis Management Discussion & Analysis (MD&A) Q4/2017 and FY2017 Executive Summary Executive Summary 1 For 2017, Global Power Synergy Public Company Limited (GPSC) (“the company”) had a net profit of Baht

share of profit from investment in Management Discussion and Analysis of Business Operation for 1Q/2018 Bangchak Corporation Plc. I 14 Geothermal Power Plant in Indonesia in the amount of THB 54 million

, Gross Profit was Bt19,586mn, increasing 24% YoY due to TTTBB consolidation. It increased 2.9% QoQ following revenue expansion, boosted by efficient cost management. Gross profit margin was 37.5

) Management classification = Core Net Profit after Tax and NCI 118 48 50 15 Table 9: IVL Consolidated Statement of Income (THB Million) THB million 1Q21 4Q20 1Q20 Statement of Income Revenue from sale of goods

Profit was due to the overall operational business increase of the Company together with a more effective management of its borrowings that resulted in overall reduced interest costs. Operating Performance

Profit Margin Significant Events Financial Performance Management Discussion & Analysis Q1/2024 Executive Summary Q1/2024 vs Q1/2023YoY • Gross Profit in Q1/2024 was THB 226 million, increased by THB 58