of 2017 WHAUP completed our 2017 at record-high result with a Net Income of Baht 1,980.9 million, 436.1% increase from 2016. 1. RESULTS OF OPERATION FOR 2017 Consolidated Financial Statements 2016 2017

of profit from the Wind Power Plant business in the Philippines was THB 29 million, improvements in performance stemmed from its High Season, while the share of profit from the geothermal power plant

to IU portion. Development of Solar Projects ERC has announced the qualified project sponsors to enter into Power Purchase Agreement with the electricity distribution authorities (Metropolitan

by relying on consumers’ higher purchasing power. Moreover, retail players need to prepare for E-Commerce business which presents high growth lately. (Source : EIC Outlook Q2/2018) Performance Analysis

million derived from gain (loss) from investment value of the associates with the details as follows; 1. SAFE Energy Holdings Company Limited (SAFE) which is held 33.37 percent of total shares by ECF Power

distancing, affect a decrease of tourist numbers. The government measures to control the spread of decease by temporarily halting the department stores, the closure of high-risk places and the drought problems

the modern trade channels, owning to the dynamics and competitive setting of energy drink market itself as well as relatively high bargaining power of reputable modern trade operators. These altogether

high bargaining power of reputable modern trade operators. These altogether caused us a longer than expected lead time to initiate, go through their approval process and list our products to the shelves

setting of energy drink market as well as the relatively high bargaining power of reputable modern trade operators that these altogether could cause us a longer than expected lead time to initiate, go

the first quarter of 2020 remained high at 53.4% inclusive of PPA impact, while the genuine gross margin was 54.3%, increasing from 42.4%, comparing to the same period of last year. Utilities & Power