margin was 60.2% which improved from 56.6% in 2017, mainly due to the lower cost of land transfer and the increase in selling price. Utilities & Power Business 2017 2018 Increase/(Decrease) THB mm THB mm
, its financial performance significantly improved from last year due to more water inflow into Nam Ngum 2 Hydroelectric Power Project. Financial Position As of December 31, 2018, the Company and its
gain from sales of investment. As for CKP, its financial performance significantly improved from the same period of last year due to more water inflow into Nam Ngum 2 Hydroelectric Power Project
impairment loss from damaged cane THB 203 million, (3) Ethanol business : Higher cost of production due to average molasses cost increased from 3,649 THB/ton to 4,305 THB/ton in 2017, (4) Power business
while it had THB 137.76 million of revenue from about 41 rai of land transfer in 2018. ▪ In 2019, revenue from infrastructure service increases due to 4 newly operated factories in Gateway city industrial
subsidiary, in the amount of THB 700.96 million due to the increase in Base Availability Credit in 2019 compared to that of 2018, as specified in the Power Purchase Agreement. (3) Revenue from sales of RATCH
as 116.55 Million Baht decreased or 29.96 percent when compared to same period of previous year of 389.02 Million Baht thus subsidiaries has revenue from selling wire and decline in services due to
Baht, increasing 285.58% compared to the same period last year due to the adjustment of the allowance for impairment of long term investments. The company has an impairment loss of investment in IGEN
lower contribution from GHECO-One and lower power dispatch of HHPC. SPP For 2019, 8 SPPs generated Baht 728.6 million of Normalized Share of Profit, a 12.6% increase from 2018 mainly due to newly COD of
Power Plant decreased from the same period of last year amounting to Baht 51.8 million or 9.9 percent. The decrease mainly came from lower of electricity unit sold due to planned-shutdown and lower rate