Biomass Power Plants for the first quarter of 2020 compared to the same period of last year, resulting in higher of electricity unit sold than the same period of last year. However, sales of Natural Gas

goods sold The Company had total sales volumes and total production volumes were higher than last year mainly due to increased capacity according to Tolling agreement with G Steel during off peak power

for the year 2018 and a profit of THB 990 million for last year. The main results caused from: • Revenue from sales and cost of goods sold The Company had total sales volumes and total production

sold The total sales volumes and total production volumes were lower than last year quarter mainly due to the Company termination of tolling agreement with G Steel Public Company Limited in February 2019

Company Limited Management Discussion and Analysis Yearly Ending 31 December 2018 G Steel Public Company Limited Page 2/15 Consolidated cost of goods sold and cost of service for the year 2018 amounted to

were THB 218.0 mm and THB 493.9 mm, which decreased by THB 20.1 mm and THB 0.1 mm from the same period of previous year, respectively, due to not having revenue recognition of the assets which’ve sold to

results caused from:  Revenue from sales and cost of goods sold The Company had total sales volumes and total production volumes were higher than last year mainly due to increased capacity according to

and cost of goods sold The Company had total sales volumes and total production volumes were higher than last year mainly due to increased capacity according to Tolling agreement with G Steel during off

base and higher average selling price compared to other type of store. Although this change in sales and marketing strategy instantly cause an adverse effect in ICUK’s volume sold in UK (cans sold per

from:  Revenue from sales and cost of goods sold The Company had total sales volumes and total production volumes were higher than last year mainly due to increased capacity according to Tolling