result Million Baht 2018 2017 Sales 2,020.38 1,915.39 Cost of Sales 1,935.80 1,723.37 Gross Margin 84.58 192.02 Gain (loss) on exchange rates 42.47 25.24 Other Incomes 9.30 15.30 Total Revenues 2,072.15

Power Producer (IPP) increased by Baht 2,389 million mainly from the increase in average price of natural gas together with EGAT’s dispatch instruction of Sriracha Power Plant. The increase in coal cost

in business strategy reflecting increase in raw material price, and also cost controlling in restaurant and food center business. Therefore, total COGs per revenue ratio maintain at 83%, comparing to

) Million baht % Total Revenues 424.76 444.51 (19.75) (4.44) Cost of Goods Sold and Services 448.36 428.19 20.17 4.71 Sales & Administration Expenses and Financial Cost and Tax Expense 20.02 22.54 (2.52

lower average selling price due to fewer big projects & price competition, and then lower gross profit margin. 5. Cost from the water management business for the quarter 1/2018 was 77.82% of income in 1.2

professional law firm for maximizing the Company's benefits. The cost of litigation fees in the year 2017 are in the total of Baht 12.69 million. As for other administrative expense, the Company still maintain

of USD as the Company’s functional currency which in resulting of lowered cost evaluation caused from price variance during the period as compared to previous year. 3. Selling and Administrative

in product mix and the impact derived from adoption of USD as the Company’s functional currency which in resulting of lowered cost evaluation caused from price variance during the period as compared to

by discount the price to competitive, accordingly the gross profit margin dropped the prior about 3%. Service and cost of service Revenue from service and cost of service sharply decreased when

selling price (Baht/kWh) 3.85 n/a n/a n/a n/a 2.39 2.52 5% Key cost drivers Natural gas consumption 1,078 68 34 (50%) (97%) 14,193 11,577 (18%) (‘000 MMBTU) Average price of natural gas 403 n/a n/a n/a n/a