costs decreased by 11.2%, due to lower weighted average cost of fund mainly from issuance of recent bonds with lower interest rate, together with utilization of short-term instruments. PERFORMANCE BY

had a total finance costs of 159 million Baht; increased by 40% as compared to Q1 2018 of 264 million Baht. This is a result of a decrease in interest bearing debt from a total amount of 16.31 billion

94.77 182.18 91.48 (177.04) (49.28) Other income/1 19.78 5.23 16.95 8.52 (2.83) (14.31) Total revenue 379.00 100.00 199.13 100.00 (179.87) (47.46) Notes: /1 Other income comprises mainly of interest

2018 by 4 million Baht, interior service income of 21.34 million Baht, other income of 8.20 million Baht and interest income 2.64 million Baht. In 2Q 2019 the Company does not recognize revenue from the

. While the others income in Q2/2018 and in the first six months of 2018 were of Bt13.4 million and Bt24.9 million which declined by 19.8%(y-o-y) and 29.9% (y-o-y) respectively due to Interest income from

. While the others income in Q2/2018 and in the first six months of 2018 were of Bt13.4 million and Bt24.9 million which declined by 19.8%(y-o-y) and 29.9% (y-o-y) respectively due to Interest income from

before finance cost and income tax expenses 179.38 23.3% 179.71 21.3% 187.63 22.1% 4.4% 4.6% Bank Charge (6.24) -0.8% (6.30) -0.8% (5.09) -0.6% -19.2% -18.4% Interest Expenses (7.48) -1.0% (10.64) -1.3

before finance cost and income tax expenses 179.38 23.3% 179.71 21.3% 187.63 22.1% 4.4% 4.6% Bank Charge (6.24) -0.8% (6.30) -0.8% (5.09) -0.6% -19.2% -18.4% Interest Expenses (7.48) -1.0% (10.64) -1.3

% 14.1% Net profit (exc. Minority Interest) 60 62 68 9.2% 13.5% Gross profit margin 59.5% 63.3% 44.3% EBITDA margin 41.3% 40.2% 26.9% NPAT margin (from financial statement) 24.9% 22.0% 15.7% NPAT margin

Other Revenue. 4 Other Incomes mainly consists of Interest Income from Loans to GHECO-One and Dividends Received from Investments in Glow IPP. 5 Normalized Profit attributable to Owners of the Parent