expense approximately by Baht 510 - 940 Million through the concession agreement period. 2. On June 28, 2018, the Company sold all 7.5 percent of investment in Xayaburi Power Company Limited (XPCL) to CK

management continued resulting in controlled network OPEX. SG&A rose in the quarter to support customer acquisition and the one- time expense of Bt134mn on withholding tax. As a result, normalizing the one

2019, the Company had earnings before interest, tax, depreciation and amortization (EBITDA) from operation and pursuant Consolidated Financial Statements in the amount of THB 239. 61 million decreased by

a consolidated net profit of THB 318 million and net loss of THB 1,048 million for the year 2017 and 2016, respectively. The Company (separate) reports a net loss of THB 1,006 million and THB 1,097

Discussion and Analysis (MD&A) for year 2017 (Revised) 11 Performance With reference to the aforementioned financial statements, the Company reports a consolidated net profit of THB 365 million and net loss of

8 บริษัท จี สตีล จํากัด (มหาชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 3 Ending 30 September 2019 1. Highlights The Consolidated Revenue for the Quarter stood at

ventures -51.84 -5.00 - - - - Financial cost -203.92 -125.43 62.58 -266.36 -147.43 80.67 Income taxed expense -70.65 -105.76 -33.20 -34.76 -84.45 -58.84 Loss for the period -22.67 125.01 -118.13 -151.79

57.70 -54.12 -206.61 63.42 28.86 119.75 Share of loss of associates and joint ventures -12.52 - - - - - Financial cost -53.82 -34.79 54.70 -71.89 -36.87 94.98 Income taxed expense -15.30 3.16 -584.18 2.08

20.91 EBIT 57.70 -54.12 -206.61 63.42 28.86 119.75 Share of loss of associates and joint ventures -12.52 - - - - - Financial cost -53.82 -34.79 54.70 -71.89 -36.87 94.98 Income taxed expense -15.30 3.16

2018, approving the audited consolidated financial statements for the year ended December 31,2017. The Company would like to report factors that affect the financial performance of The Company and its