from same-store sales growth and the increase in the number of branches, as well as the decrease in cost per unit from the increase in production volumes resulting in economies of scale. • Gross Profit

. Because the business has more intense competition as a result the unit price to decrease and the baht appreciation and also has an effect from the increased cost-to-income ratio. SG&A SG&A of the Company

million, mainly derived from sales of natural gas power plant decreased by Baht 169.0 million from decrease in unit rate which is adjusted in line with the decrease in average natural gas price, thus sales

gross profit were Baht 155.44 million, which decreased from the previous year by 1.86 million or 1%, due to an increase in cost of sales and decrease in unit price. Page 2 of 4 (4) Gain from sales of land

planned-shutdown of Natural Gas Power Plant, which resulted in lower electricity unit sold compared to the second quarter. Sales and service income decrease 0.5% YoY from Baht 1,249.0 million to Baht

the increase in sales revenue, as well as the decrease in cost per unit from the increased production volume (Economy of scale). • Gross Profit margin in Q1/2024 was 66.5%, increased from 63.6% in Q1

' equity (2,054.86) (1,912.52) (142.34) 7.44 Book value - baht per share (0.66) (0.61) (0.05) 8.20 Note: Value of registered and paid-up shares at 1 baht per share Description Increase (decrease) Unit

89.58% comparing to the same period of last year. Analysis of operating results (Unit : Million Baht) Revenue 2019 2018 Increase (decrease) (%) Revenue from sales 233.79 264.24 (30.45) (11.52) Other

or 12.2% from planned shutdown and decrease in unit rate which is adjusted in line with the decline in average natural gas price. Sales and service income for Q4/2020 compared to Q3/2020 decrease by

28 December 2020. However, sales of Natural Gas Power Plant decreased by Baht 48.5 million or 10.3% from decrease in unit rate, which is adjusted in line with the decline in average natural gas price