base and 3) ABP5 improving efficiency after gas turbine upgrade. Net profit • In Q1’2020 net profit was affected by two major non- cash expenses; 1) THB 886 million unrealized FX loss which was from the

Philippines Inc driven by an increase in administrative expenses and the decrease in revenue from Dusit Thani College as result of COVID-19 pandemic causing the postpone in short-term courses. EBITDA from

profit from main income (Million THB) 3,478.86 2,777.40 25.26% 2,656.71 2,100.43 26.48% (%) 30.92 28.89 2.03% 29.16 26.94 2.22% 6. Expenses on sales (Million THB) 780.72 571.12 36.70% 698.88 497.16 40.57

comparison million or with net pr 22.31%. Summary The Operatin venues : Revenues from services Other income Total rev penses : Cost of sales an Administrative expenses Total ex are of profit o associated com

- Testing and Inspection 13.89 13.12 0.77 5.87% 3 Cost of sales and services (442.04) (406.41) 35.63 8.77% Gross Profit 43.73 30.54 13.19 43.21% Other income 3.89 3.28 0.61 18.51% 4 Profit before expenses

Expenses (1,775.1) (36.6%) (1,720.2) (36.5%) +54.9 +3.2% Add: Share of Profit/(Loss) from Investments (by equity method) 9.1 0.2% 12.0 0.3% -2.9 -24.2% EBITDA 999.4 20.6% 914.1 19.4% +85.3 +9.3% Less

Profit 190.47 115.29 75.18 65.21% Other income 16.95 63.55 (46.60) (73.33%) 6 Profit before expenses 207.42 178.84 28.58 15.98% Selling expenses (18.70) (19.86) (1.16) (5.84) Administrative expenses

22.55 115.22 511.03 Cost of construction contracts (1,241.09) (917.54) 323.55 35.26 Gross profit 145.99 101.75 44.24 43.48 Other income 2.79 2.69 0.10 3.66 Administrative expenses (66.10) (58.54) 7.56

190.47 57.95 30.42% Other income 15.24 16.95 (1.71) (10.09%) Profit before expenses 263.66 207.42 56.24 27.11% Selling expenses (22.79) (18.70) 4.09 21.87% 6 Administrative expenses (149.44) (131.08) 18.36

1.58 57.04% 4 Profit before expenses 69.58 61.27 8.31 13.56% Selling expenses (1.52) (4.98) (3.46) (69.48%) 5 Administrative expenses (64.20) (38.77) 25.43 65.59% 6 Finance costs (2.78) (3.07) (0.29