determined that commission paid to obtain a customer contract should be recorded as an asset and amortized to expenses on a basis that is consistent with the pattern of revenue recognition. Under the previous

. This represented an increase of THB 3,533mn (or 53.4% YoY) from THB 6,613mn in the previous year. The revenue growth was attributed chiefly to (i) revenue from hotel operations that increased by THB

longer maintenance period, comparing to the same previous year. XPCL: Unit : Million Baht Quarter 1 Change Increase (Decrease) 2020 2019 Amount % Electricity revenue 241 - 241 100% Other income 1 - 1 100

divestment U City reported total consolidated revenue of THB 1,992mn in 1Q 2020. This represented an increase of THB 531mn (or 36.3% YoY) from THB 1,462mn in the previous year. The revenue growth was

previous projected at 2.8% growth to a 5.3% contraction due to the fact that COVID-19 outbreak severely affected both external and domestic demand particularly the tourism and exporting sector which sharply

of the previous year. The increase is owing to the increase in the profit of Hongsa Power Company Limited, a joint venture, in a portion of 40 percent. In addition, the acquisition of RATCH

operations include (i) natural gas price and coal price that continued to drop further from previous quarter resulting in lower costs of sales and increasing industrial customers sales margin in spite of the

decreased by Baht 77 million mainly due to a decrease in electricity revenue, caused by the lower amount of water, comparing to the same period of previous year. Page 10 Quezon (Include PEPOI and QMS): Unit

quarter of 2020, and net loss of 16.93 million Baht in the 2nd quarter of 2019. The Company’s net profit has increased by 65.34 million Baht or 385.95 % from the previous year. When compared the 2nd quarter

, which had delivered project in the previous quarter. In addition, the large projects in 2020 were less than those of 2019 which the Company had delivered major projects which had been ongoing from