the ratio of the claim expenses (including loss adjustment expenses) over net earned premium increased from 60.22% in the previous year to 61.59% in the reported year because of the fact that the

2017. Due to the raw material in stock was higher than the average market price. 3. Selling expenses was Baht 131.43 million which increased Baht 24.93 Million or increased 23.41% when compared to the

Income as of 2018 to 2017 per following table: (THB) Million 2018 2017 % Change Total Revenues 538.96 559.95 (3.75) Total Expenses 488.86 501.54 (2.53) Shares of Profits 26.72 47.22 (43.41) EBT 76.82

of first quarter of 2019 per followings: (THB) Million 1Q19 1Q18 Total Revenues 132.76 142.87 Total Expenses (122.52) (132.23) Shares of Profits 6.95 12.70 EBT 17.19 23.34 Net Profit 14.93 19.56 Total

the gross profit margin was 7.26%. Due to the average cost of raw material was lower than the market price. 3. Selling expenses was Baht 36.79 million which increased Baht 3.58 Million or increased

margin was 5 .5 5 % decreased from 14.79 % of the same period of previous year. Due to the raw material in stock was higher than the average market price. 3. Selling expenses was Baht 14.79 million which

Income for the year 2019 per following table: (THB) Million 2019 2018 Change %Change Total Revenues 531.73 538.96 (7.23) (1) Total Expenses (497.06) (488.86) 8.20 2 Shares of Profits (Loss) (46.23) 26.72

57.43 52.08 90.68% Selling expenses 51.70 5.99 45.71 763.11% Administrative expenses 40.65 18.80 21.85 116.22% Foreign Exchange loss 1.07 - 1.07 100.00% Finance cost 1.94 2.13 (0.19) (8.92)% Profit before

’2019 to Baht 830 million in line with changes in electricity sales to industrial users in Vietnam. O&M • Operation and maintenance costs increased 22.6% y-on-y in Q3’2019 to Baht 684 million and 32.5% y

Vietnam. O&M • Operation and maintenance costs increased 26.6% y-on-y in 2019 to Baht 2,693 million and 13.7% y-on-y in Q4’2019 to Baht 757 million, primarily due to commercial operations of ABPR3, ABPR4