malls (i.e. common areas, convention halls, on-site-media, and promotional areas) by continuously rolling out a variety of marketing events in all projects. Continual effective cost management The lower

in the three-month period and the nine-month period. The increase were 26% and 8% respectively. 1.2 Cost of sales and service, Administrative expenses (Unit: Million Baht) For the third quarter For the

increases were due to more production orders from the customers, as well as more effective ways to manage expenses and costs. - Net profit according to the financial statement increased by Baht 28.92 million

three-month period and the six-month period. The decreases were 4% and 1% respectively. 1.2 Cost of sales and service, Administrative expenses (Unit: Million Baht) For the second quarter For the period of

more production orders from the customers, as well as more effective ways to manage expenses and costs. - Net profit according to the financial statement decreased by Baht 6.59 million, or 31.64%, in

54.67% and 66.32% respectively. 1.2 Cost of sales and service, Administrative expenses (Unit: Million Baht) For the third quarter For the period of nine months Movement for the third quarter Movement for

decelerated of marketing activities as well as a decrease in space of property expenses. However, the Company still maintained effective operating cost control with cost to income ratio at 38% of total revenues

The Stock Exchange of Thailand 1. Analysis of Overall Operating Results and Financial Position of the Company and its subsidiary 1.1 Analysis of Overall Operating Results for the Company and its

% Effective gas cost Baht/mmBtu 245.98 236.59 -3.8% B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis ABBREVIATION & OUR PROJECTS EXECUTIVE SUMMARY FINANCIAL PERFORMANCE FINANCIAL

product from the old production line to the new one; and higher excise tax as well as sugar tax following the Excise Act, B.E. 2560 which was effective since 16 September 2017. However, cost increase is