. Pichai Chunhavajira (Independent Director) 2) Mr. Krisada Chinavicharana (Independent Director) 3) Mr. Teerapong Wongsiwawilas (Independent Director) 4) Mr. Visit Vongruamlarp (Ministry of Finance

%) Finance costs 452.9 313.4 (139.5) (30.8%) Total expense 779.3 628.7 (150.6) (15.5%)  Selling expense during the first quarter of 2018 was THB 47.3 mm, which increased by THB 14.4 mm or 43.8% from the same

% 129.06 75.52 53.54 70.90% Net loss before finance costs and corporate income tax (4.07) (5.85) 1.78 30.43% (25.61) (18.41) (7.20) (39.11%) Finance costs (3.17) (2.70) 0.47 17.40% (9.30) (4.40) 4.90 111.36

) / Total revenues from sales EBIT margin (%) = (Profit before income tax expense + Finance Cost) / Total revenues from sales EBITDA margin (%) = (Profit before income tax expense + Finance Cost

) / Total revenues from sales EBIT margin (%) = (Profit before income tax expense + Finance Cost) / Total revenues from sales EBITDA margin (%) = (Profit before income tax expense + Finance Cost

assets. As a percent of total revenue, administrative expenses increased from 15.1% in 2018 to 15.6% in 2019. Finance Expenses For the years ending 31 December 2018 and 2019, finance expenses decreased

, finance costs was down by repricing of loan interest. Masin-AES: Unit : Million Baht Quarter 2 Change Increase (Decrease) 2017 2016 Amount % Electricity revenue 1,966 1,616 350 22% Other income

increased since May 2017 with the upward trend expected until the end of 2017. Well-managed finance cost CPN was able to lower cost of debt to 2.65% p.a. from 3.24% p.a. in 2Q16, mainly from the use of

307.54 (34.85) (10.18%) 1,764.82 1,674.52 (90.30) (5.12%) Finance cost 38.01 35.03 (2.98) (7.84%) 119.56 140.85 21.29 17.81% Income tax expenses 60.45 47.54 (12.90) (21.35%) 326.66 301.65 (25.00) (7.65

substitute personnel at operational level and management level, financing source, office equipments and information technology systems, as well as, should evaluate on a usage of finance and accesibility to