expense has decreased due to the lower net result. Net income was down significantly due to the reduced revenues and increased finance cost which will reduce in 2020 as long-term loans are repaid. Golden

11.40 million baht or 2.38%, due to the severance pay as the Labor Protection Act (No.7) B.E. 2019. • Selling expenses decreased 1.58 million baht or 4.13 % and the administrative expense decreased by

million baht or 3% from last year. This was as a result of an increase in personal expense by 4% caused by increasing employment of the Company’s subsidiaries, increases in rental cost of the Company’s

whiling capable of using more efficient operating system by applying CCPH’s data system control know-how in seeking to even lower the operation expense through fewer manpower yet with higher efficiency

) 2Q 2016 1Q 2017 2Q 2017 QoQ (%) YoY (%) Operating Revenue 181 190 199 4.9% 9.6% Cost of sales 79 89 87 -1.7% 10.4% Gross profit 102 101 112 10.8% 9.1% Selling, General & Administrative Expense 53 66 64

number of days in Q2/2017 than in Q1/2017. Also, when comparing Q2/2017 to Q2/2016, the depreciation and amortization expense increased by Baht 10 million or 3%. The increase is mainly from the COD of CHPP

profit as baht, an addi While the Com 5 million bah any and subs tive Expense d expenses baht, which ous year. Th n baht which ajor selling a expenses inc s from busine of Financial alents vables t Cost ns

expense for the annual staff seminar which was postponed from late 2016 for THB 1.69 million or 0.51% of total six-month revenue and recorded loss from closing Maygori at the Common Thonglor branch

(mn) 3Q 2016 2Q 2017 3Q 2017 QoQ (%) YoY (%) Operating Revenue 172 199 262 31.8% 52.1% Cost of sales 79 87 106 21.7% 34.8% Gross profit 94 112 156 39.7% 66.7% Selling, General & Administrative Expense

Q3/2017; and the company recognized the expense from the extraordinary item of the provision from corporate income tax assessment of Sriracha Power Plant for the full amount of Baht 101 million