& Sevices revenue 1,258,609 651,260 607,349 93.26 Gross profit 378,161 247,761 130,400 52.63 Gross profit margin (%) 30.05 38.04 (8.00) (21.02) Total revenue 1,272,735 672,057 600,678 89.38 Total Cost

increasing in staff costs. • Finance cost for the 1st quarter 2020 is at 1.2% of revenue from sale, which increased by Baht 4.5 million from the same period of last year. This effect from recognition of

previous year to 2 0 .8 % due to the recognition of a one-time extraordinary item related to business restructuring as part of cost of goods sold and selling and administrative expenses. Consequently, the

Bt613mn increasing 39% YoY mainly due to a revenue recognition of expired cash cards and other fines. Finance cost was Bt5,302mn increasing 25% YoY due to the deferred interest from spectrum licenses

1,705.4 1,735.6 30.2 1.8% 5,315.9 6,502.1 1,186.2 22.3% Revenue from finance lease under power purchase agreement 102.3 95.3 109.4 107.9 (1.5) (1.4%) 411.0 414.9 3.9 0.9% Cost of sales and services (1,149.4

recognition from the percentage of project completion as well, according to TFRIC 12 – Concession Agreement 6M’19 6M’20 change Q2’19 Q1’20 Q2’20 change change Btmn Btmn y-on-y Btmn Btmn Btmn y-on-y q-on-q Cost

which affected employment and domestic demand*.  However, the Company sees that the lower interest rate gives a positive impact to overall real estate industry due to a potential lower cost for both, real

purchase agreement 102.8 99.2 101.6 2.4% (1.2%) 203.7 200.8 (1.4%) Revenue from construction under a concession arrangement 398.1 - - - N.A. (

.(

significant rise of natural gas prices while the Ft rate did not increase correspondingly to reflect the higher cost, which impacted the gross profit of Rayong Central Utility Plants and IRPC-CP. Also, the