million 4.10 2. The operation results (from the consolidated finance statements) Item Second quarter of 2019 Second quarter of 2018 Profit (Loss) for three months attributable to equity holders of the

finance statements) Item 2019 2018 Profit (Loss) for the year attributable to equity holders of the Company (from the consolidated financial statements) Baht (515.22) million Baht 418.04 million Profit

Baht 5.79 million 11.25 2. The operation results (from the consolidated finance statements) Item Third quarter of 2019 Third quarter of 2018 Profit (Loss) for three months attributable to equity holders

% Operating revenue 2,426.0 2,556.2 2,211.1 -8.9% -13.5% Gross profit 1,062.1 1,070.6 1,015.3 -4.4% -5.2% EBITDA 356.9 419.3 440.6 +23.5% +5.1% Net profit (loss) 131.9 140.7 118.2 -10.4% -16.0% Gross profit

comparing to 1Q2019 and lower revenue of chicken processing business which decreased by THB 106.27 million or 6.44% down comparing to 1Q2019. The consolidated gross profit was THB 539. 71 million in 1Q2020

Debt to Equity ratio (time) 1.00 0.88 Debt Service Coverage ratio (DSCR) (time) 2.27 2.26 Note: 1) Gross profit and Net profit were excluded construction revenue under concession agreement and other

cost (5.20) (69.15) - - Gross profit 2.32 30.85 0.21 100.00 Other income 4.89 65.03 5.73 2,728.57 Profit before expenses 7.21 95.88 5.94 2,828.57 Administrative expenses (11.97) (159.18) (17.01

finance lease agreement also increased as a result of financial lease accounting (TFRIC 4) adjustment. • Gross profit of Small Power Producer (SPP) increased by THB 278 million corresponding to lower

for Q2/2017 ended June 30, 2017 of the Company and its subsidiaries, as shown below : (Unit : Million Baht) Q2/2017 Q2/2016 Change Revenue 222 210 12 Gross profit margin 80 83 (3) Expenses 20 20

and Analysis EXECUTIVE SUMMARY ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Q2’2020 net profit grew 62.5% y-on-y