92.36 115.14 142.24 Selling cost 57.15 68.60 79.60 Gross Profit 35.21 46.54 62.64 Sales expenses 6.54 7.04 14.54 Administrative Expenses 40.55 40.62 42.63 EBIT (11.88) (1.11) 5.47 Ref. WINNER 0009/20108

from sales and services 90.29 114.55 139.17 Total revenue 92.36 115.14 142.24 Selling cost 57.15 68.60 79.60 Gross Profit 35.21 46.54 62.64 Sales expenses 6.54 7.04 14.54 Administrative Expenses 40.55

cost 57.15 68.60 79.60 Gross Profit 35.21 46.54 62.64 Sales expenses 6.54 7.04 14.54 Administrative Expenses 40.55 40.62 42.63 EBIT (11.88) (1.11) 5.47 EBITDA (2.66) 9.55 10.85 Net Income (11.88) (1.11

55.33 (43.10) (43.79%) Gross profit 559.94 488.25 (71.68) (12.80%) Other income 20.48 9.54 (10.94) (53.41%) Selling and administrative expenses 96.21 93.90 (2.31) (2.40%) Operating profit 484.21 403.89

), Operating and Maintenance (O&M), Management and Administrative Services (Management Services). Details of each plant are as follows: (1) Subsidiaries which can be categorized into 2 businesses: 1. Power

22,377,342 21,162,832 18,556,497 Cost of services 15,018,083 14,209,267 12,203,486 Financial cost - - 3,379 Long-term employee benefit obligations 2,736,668 2,556,125 2,432,876 Other administrative expenses

, Increase (Decrease) % Revenues from sales and services . . . .% Gross profit from sales and services . . . .% Other income . . . .% Selling expenses (.) (.) . .% Administrative expenses (.) (.) . .% Net

) (3.45%) Other income 23.06 29.83 6.77 29.34% Selling and administrative expenses 195.24 200.68 5.44 2.79% Operating profit 993.74 954.83 (38.91) (3.92%) Finance cost 56.66 70.71 14.06 24.81% Income tax

increa second quar percent when al to 1,226.0 ear. This was n business an second quar e of 29.9 pe administrative nt more tha g expenses aries and the Chan (MB%    6.5% -58 2.7% -3 8.8% 59 0.7% 11 3.1% 5

. On a QoQ basis, other income was down by 36%, mainly from one-time incomes of totaling Bt.36mn in 2Q17. Selling and Administrative Expenses Selling and administration expenses (“SG&A”) constitute