respectively, decreased by 21.1 percent while total operating expenses decreased from 6,920.3 million baht to 6,683.6 million baht or around 3.4 percent. The earnings before interest and tax, depreciation

Power Purchase Agreement in Feed-in-Tariff (FiT) basis between SBM and Electricity Generating Authority of Thailand (“EGAT”) (the “FiT PPA”) on or before the Completion Date, the consideration for the

the entire Y month(s) at the rate not exceeding X% of NAV per annum even though the fund may reach the investment target before Y month(s). • The management company will collect the mutual fund

% 352 233 51% Profit/(loss) before finance costs and income tax expense 1,001 1,121 -11% 3,143 -68% 2,928 6,853 -57% Finance costs (412) (421) -2% (401) 3% (1,276) (1,140) 12% Profit/(loss) before income

) before income tax expense (1,751) (5,852) 70% 700 -350% (7,603) 1,063 -815% Tax income (expense) 26 1,536 -98% (25) 205% 1,562 7 N/A Profit (loss) for the period (1,725) (4,316) 60% 675 -355% (6,042) 1,070

equity method (1,082) 52 N/A 157 N/A Profit (loss) before income tax expense (5,852) 903 -748% 363 N/A Tax income (expense) 1,536 (36) N/A 32 N/A Profit (loss) for the period (4,316) 867 -598% 395 N/A

) 316% Profit before FX and extraordinary items 1,283 2,293 2,755 115% 20% 4,374 6,735 54% Net foreign exchange gain (loss)2 17 (5) 21 25% (515%) 207 (13) (106%) Net profit 1,300 2,288 2,776 114% 21

(48.3)% (40.1)% 21,965 22,370 (1.8)% Operating profit before tax 9,965 11,353 11,038 (12.2)% (9.7)% 44,271 41,150 7.6% Income tax expenses 1,767 2,224 2,457 (20.5)% (28.1)% 8,554 7,832 9.2% Net profit

% Operating profit before tax 11,393 12,179 9,965 (6.5)% 14.3% 46,432 44,271 4.9% Income tax expenses 3,290 2,639 1,767 24.7% 86.2% 10,219 8,554 19.5% Net profit 8,103 9,540 8,198 (15.1)% (1.2)% 36,213 35,717

of associates and joint ventures 89 111 110 (1%) 24% 175 221 26% Income tax expenses (69) (47) (63) 34% (9%) (95) (110) 16% Profit before FX & extraordinary items 705 764 861 13% 22% 1,611 1,624 1% Net