million. The decrease was mainly due to the lower gross profit from EMS business and enterprise solutions business. Analysis of revenues 2019 2018 Increase (decrease) Million Baht % Million Baht % Million

, and advertising expenses due to public relationship expense for IPO’s activities on Q1/2019. 4. Profitability Gross profit and net profit the first quarter ended 31 March 2020 and 2019 as follows

decrease was mainly due to the lower revenues from enterprise solutions business and EMS business. The Group’s profit for the first quarter of 2019 amounted to Baht 81 million, which was decreased by Baht 35

due to the effect of the WLTP, which resulted in a low production utilization rate and led to a higher cost of goods and pressure on profit margin. The average profit margin in 2018 was 26%, which is

decrease was mainly due to the lower revenue from enterprise solution business. The Group’s profit for the third quarter of 2019 amounted to Baht 112 million, which was decreased by Baht 25 million or an

year 13.9%. For the six- month period, the underwriting expenses increased 20.1% due to an increase in sales of the insurance business. Gross profit The company has gross profit according to the

% from Q1/2018, mainly due to the improved operating results of Sriracha Power Plant, which its gross profit increased Baht 272 million from Q4/2018 and Baht 14 million from Q1/2018, as well as the

1,554.5 1,174.8 1,557.6 379.7 32.3 (3.1) (0.2) Profit for the period 123.0 96.8 121.6 26.2 27.1 1.4 1.2 Overall in the Q2–2023, the Thai economy slightly improved from the previous quarter due to the

, increased by THB 673 million from Q2/2020 or 30%, and mainly due to the following: • Gross profit of Independent Power Producer (IPP) decreased by THB 240 million mainly due to the following: • Lower gross

1,628.5 1,123.0 928.3 505.5 45.0 700.2 75.4 Profit for the period 69.8 102.8 72.1 (33.0) (32.1) (2.3) (3.2) In Q2–2019, the company’s total revenue increased from Q1–2019 and Q2–2018, representing an