of 18.17 Baht million baht or 227.13% compared to the first quarter of 2021. This was due to the recognition of loss of Baht 3.95 million from the associates in this quarter. 2. Analysis of financial

associates companies Share of profits from investments in associated companies, the Co-Generation Combined Power Plants. In the first quarter of 2019, the company recognized profit from investment in the

) -11.8 Total expenses 3,231 3,063 168 5.5 Profit before income tax expenses 4,311 1,099 3,212 292.3 Income tax expenses 1,257 229 1,028 448.9 Profit before share of profit from associates and NCI 3,054 870

Stock Company of Baht 68.93 million.  The Company recognized share of loss from associates of Baht 7.54 million, decreasing by Baht 10.74 million from last year. The share of gain from KT ZMICO

on business acquisition on process 2. Increment in Investment in associates amounting to THB 81 mil. regarding to accounting policy as equity method basis 3. Higher Deferred tax assets of THB 16 mil

the consolidation of Rabbit Group under the common control basis. 1Adjusted for gain of fair value measurement in MACO at acquisition date, share of investment in JV and associates and non-recurring

.  Administrative expenses decreased by Baht 7 million due mainly to a decrease in loss on exchange rate and repair & maintenance expenses. Share of loss from investment in associates decreased by Baht 20 million

% 25.5% 24.3% Adjusted net profit margin 22.5% 27.1% 28.2% 1Adjusted for share of investment in JV and associates and non-recurring expenses. 2As shown in financial statement, excluding minority interest

28.21 million. The Company had already recognized doubtful debt for this amount in full. 3.4 Details of Share of profit (loss) from investments in associates and joint ventures are as follows: Name

% Administrative expenses 23.88 21.81 2.07 9.49% Financial costs 0.22 0.02 0.20 1,000.00% Share of profit (loss) of associates (0.12) (0.11) (0.01) 9.09% Profit before income tax expenses 23.00 28.00 (5.00) -17.86