addition, the selling price of electricity has increase due to the rise in Ft rate resulting in a higher net profit in Q1/2018. Q1/2018 Financial and Operating Highlights * Exclude costs of depreciation and

expenses were 1,371 Million Baht or 64% of total revenues, comprising of selling expenses of 924 Million Baht, administrative expenses of 434 Million Baht and also other expenses of 13 Million Baht. As a

Gross profit 94,309 91,490 83,320 10,989 13.2 Other income 2,454 2,858 1,453 1,001 68.9 Profit before expenses 96,763 94,348 84,773 11,990 14.1 Selling and distribution expenses 25,061 22,708 23,815 1,246

1.2 Selling and distribution expenses 51,050 54,117 46,326 47,912 (3,067) (5.7) Administrative expenses 91,819 83,683 64,734 64,315 8,136 9.7 Total selling and administrative expenses 142,869 137,800

in Q2/2017 when compared to Q2/2018 due to maintenance shutdown of Rayong Central Utility Plants’ customers, together with higher selling price from improving Ft rate in Q2/2018. Also, the full

selling smart patrol cars and camcorder cameras installed on the police stations. Retail business The Company had revenue from retail business for the third quarter of 2018 amounting to Baht 867 million, an

income 3,909 4,306 -9% 22,576 14,204 59% Selling expenses (86,415) (113,572) -24% (274,788) (333,546) -18% Administrative expenses (74,417) (95,668) -22% (246,205) (259,631) -5% Finance costs (36,872

second quarter of the year 2019 which was -37.99%. Selling and administrative expenses Selling and administrative expenses of the second quarter of the year 2020 of Baht 66.82 million decreased from Baht

143.22 6.09% 136.25 9.36% 6.97 5.12% Other income 2.61 0.11% 0.93 0.06% 1.68 180.65% Selling and administrative expenses 25.71 1.09% 26.79 1.84% (1.08) (4.03%) Profit from operations 120.12 5.11% 110.39

maintenance shutdown. In addition, the steam selling price has decreased following the decrease in price of natural gas. • The gross profit for Very Small Power Producer (VSPP) and other decreased by Baht 4