previous year. The majority of the Company’s expenses came from employee benefits expenses, fee and service expenses, and finance costs, as follows: 2.1 Employee benefits expenses The Company’s employee

profits stand at 31.43%, down from 34.90% due to foreign exchange fluctuations and the increase in energy costs. Total expenses were Baht 1,990.21 million, decreased by 4.46% and net profits reported at

decreased by Baht 3.78 million or 10.80% as compared to the figures in 3Q17. Such decrease was due to a decrease in staff costs. The administrative expenses in 3Q18 decreased by Baht 0.86 million or 2.68

Gross (loss) profit 71.1 3.9 (12.1) (4.0) 83.2 687.6 Selling expenses (37.9) (2.1) (9.5) (3.1) 28.4 298.9 Administrative expenses (62.2) (3.4) (9.7) (3.2) 52.5 541.2 Finance costs 0.3 0.0 - - 0.3 100.0

Cost of service (34,589) (42,149) 7,560 (17.94) Total Costs (175,250) (150,698) (24,552) 16.29 Gross Profit 101,265 70,749 30,516 43.13 Reversal of allowance for doubtful accounts 174,875 - 174,875

having fixed costs effecting the revenue. Other Income The other income amounted to Baht 9.68 million and Baht 13.69 million in the year ended December 31, 2018 and the year ended December 31, 2019

amount of Baht 157.6 million or increased 11.0 percent, and distribution costs and administrative expenses increased in the 44 หมู่ 4 ถ.แจง้วฒันะ ต.ปากเกร็ด อ.ปากเกร็ด จ.นนทบุรี 11120 โทร +66 2836 9990

distribution costs and administrative expenses increased in the amount of Baht 17.3 million or increased 6.0 percent. The main reasons were an increase in staff expense, doctor fee, and other fixed costs

distribution of electricity under SAAM-SP1 mainly includes (1) depreciation expense for the solar power project, (2) operation and maintenance, and (3) other costs such as utility expenses, insurance, and power

and distribution of electricity under SAAM-SP1 mainly includes (1) depreciation expense for the solar power project, (2) operation and maintenance, and (3) other costs such as utility expenses