to generate revenue stream amidst softened tourism sentiment. However, both hotels showed effective cost control in both room and food and beverage management. Cost of sales In 3Q19, CPN reported costs

2.34 -2.5% Steam to IU - Thailand Baht/Ton 1,020.43 1,035.55 1.5% 1,029.17 1,035.55 0.6% Effective gas cost Baht/mmBtu 232.68 237.21 1.9% 231.23 237.21 2.6% B.GRIMM POWER PUBLIC COMPANY LIMITED

. would like to inform its financial results for the first quarter of 2020 which ended on 31 March 2020. The Company and its subsidiaries reported a net loss of THB 59. 75 million or loss per share of THB 0

. Sales in 1Q18 represented new prices for delivery that took effect in January 2018 with an effective markdown of nearly 2%. Cost of Sales and Gross Profit The profit margin in 1Q18 dropped Q-o-Q and Y-o-Y

-2.9 % -2.2 % 39,784 39,135 -1.6 % (Gain) loss on disposals of PPE 3 61 64 2153 % 5.5 % 28 201 615 % Management benefit expense -36 -36 -35 -1.3 % -2.6 % -104 -103 -1.4 % Other financial cost -4 -3 -4

Due to the adoption of Thai Financial Reporting Standard 15 (TFRS 15) on Revenue from Contracts with Customers, effective on January 1, 2019 onwards, CPN has amended the recognition of revenue from food

in order to maintain liquidity and financial flexibility. The Company remains cautious on investment, while seeking various sources of working capital, along with effective control and management of

Assistant Professor Dr.Kusuma Palaprom the resigned Company’s Director effective since 30 October, 2017 2. Appointment of Assistant Dr. Chalermkiat Wongvanichtawee as the Independent Director to replace the

. Another key factor in reduction in Cost of Goods Sold is the change in estimated useful life of fixed assets as disclosed in the Note to Financial Statements no. 3.3 resulting in reduction in depreciation

years. 2) Service & Administrative expenses was Bt61.36mn, representing 7.2% of total revenues from core business, decreasing 7.9% YoY, due to effective cost control and lower service & administrative