cities and the cities that benefit from the tourism sector has improved over the past period. Moreover, the Company has generated cost efficiencies in terms of staff optimization and administrative

to achieve COD as scheduled in PPA, and construction cost is in line with the budget approved by lenders. This achievement would enable us to keep record of managing the project to commence COD in time

% Electricity revenue - Availability Payment (AP) - Energy Payment (EP) 575 249 516 237 59 12 11% 5% Other income 5 3 2 67% Total revenues 829 756 73 10% Cost of sale (406) (454) (48) (11%) Other expenses (104

addition, the dog chews business has been affected by competition in price and substitution of other raw materials. 1.2 The company’s income from energy business for the year2018 in the amount of Baht

1,526 1,369 11 - 2 - Cost of Sales and Services 424 361 17 1,224 1,120 9 Selling and Administrative Expenses 44 32 38 130 130 - Finance Cost 5 6 (17) 15 21 (29) Net Profit 54 51 6 142 103 38 Financial

price competition and sale volume as well as Baht appreciation which leads to slow down in exporting thus revenue from sales of electricity and thermal energy declined due to shut down of machine for

, the gross profit of year 2017 significantly increased by 44% from 944.71MB in year 2016 to 1,362.25MB despite an increase in cost of sales and services from higher raw material costs of imported metals

reassessed its business structure to move towards Green Businesses targeting renewable energy, materials recycling and eco management. To pursue its business strategy, 36 MW solar farms in Thailand have been

1 No. ACE-ACC-3/2021 13 August 2021 Subject Management Discussion and Analysis for the period ended 30 June 2021 To President The Stock Exchange of Thailand Absolute Clean Energy Public Company

Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the period ended 30 September 2021 of the Company and the subsidiaries