construction and expected to start commercial operations (COD) within the year 2019 as follows: - (A). Kurihara Project 2 Kurihara 2 project operated by Kurihara GK, a subsidiary company that the company holds

the amount of Baht 4.2 million or increased 14.0 percent due to an increase in loan outstanding used to finance the investment of projects under construction. Separate financial statements The Company

1 Note: 1) Revenue and Cost that were recognized when there is construction under concession agreements for tap water according to accounting standard TFRIC12 1. ANALYSIS OF FINANCIAL PERFORMANCE For

. In Q2/2019, there were a few transfers of Maestro 19 Ratchada – Vipha which was completed construction earlier than schedule. Most of backlog in Maestro 19 will be transferred in Q3 – Q4/2019

15.89% from the revenue from services business of Baht 960.60 million of 2nd quarter of year 2018. The significant decreasing came from the reduction of the revenue from construction works of substation

(YUNNAN) As of 30 June 2019, the company had a loan from Yunnan Water (Hong Kong) Company Limited (YUNNAN) in sum of 126 million baht with interest of 6.75% per year. This is to be used for construction of

amounting to Baht 350.00 million and Baht 100.00 million, respectively, are due to the payment for construction. Meanwhile, as of December 31, 2017 and June 30, 2018, the Company’s property, plant and

quarter of 2018 Second quarter of 2017 Increased (Decreased) Amount % 1.1 Revenues from construction Baht 2,199.81 million Baht 2,032.79 million Baht 167.02 million 8.22 1.2 Cost of construction 93.53

Philippines. 2. Incomes from the water management business in quarter 3/2018 increased from the quarter 3/2017 by Baht 47.39 million or 191.71%. This came from turnkey construction projects of water treatment

transfers of M Jatujak and Maestro03 Ratchada-Rama9 which completed construction in second half of 2017 and middle of 2018 respectively. There were also transfers from existing completed big projects mainly