Excessive Charge, Service Fees for Wastewater Management 3 Gross Profit from Operation excludes Other Revenue from Utilities Business. 4 Other Incomes mainly consists of Interest Income from Loans to GHECO

-34.57% Earnings before interest and taxes 49.87 71.45 43.27% Finance costs (0.60) (0.50) -16.67% Profit before income tax expense 49.27 70.95 44.00% Income tax expense (3.24) (3.28) 1.23% Profit for the

& administrative expenses 112 147 31.4% EBITDA 89 109 22.2% Net profit from operation 51 44 -13.5% Net profit (exc. Minority Interest) 53 37 -30.2% Gross profit margin 60.5% 33.7% EBITDA margin 32.3% 15.8% NPAT

Stock Exchange of Thailand, as well as taking any arrangements as necessary and appropriate to the best interest of the Company. Such joint venture transaction is not regarded as a connected transaction

increase of financial cost was mainly in related to support the Company’s and its subsidiaries’ operation as well as impact by the averaged higher interest rate as compared to previous year. 5. Net Profit

. Interest expense projects had been stopped for cost recognition when the first unit was transferred. Please be informed accordingly. Yours truly, (Mr. Surasak Mandaeng) Chief Financial Officer

-controlling interest 6.51 1% 40.80 7% (34.29) -84% Profit (loss) (31.19) -6% (13.01) -2% 18.18 140% The Group’s total revenue for the first quarter 2019 was at THB 576.13 million, increasing by THB 12.05

year. Interest-bearing Debt to Equity As at 31 March 2019, the Company and its subsidiaries recorded Interest-bearing Debt to Equity (IBD/E) of 2.14x, an increase from 2.00x as at the end of last year

figure at the end of last year. Interest-bearing Debt to Equity As at 31 March 2019, the Company and its subsidiaries recorded Interest-bearing Debt to Equity (IBD/E) of 2.14x, an increase from 2.00x as at

total revenues, slightly decreased from 11% in the previous year. This was because the Company’s policy is to manage liquidity risk and interest rates fluctuation risk by mainly locking in long-term