52.1 52.7 60.9 8.2 52.4 54.3 1.9 Solar Engergy Power Plant 55.9 58.0 48.9 51.0 2.1 50.0 53.4 3.4 Gross Profit by Segment 33.4 33.6 33.8 33.2 (0.6) 35.9 33.5 (2.4) Gross Profit Margin Gross profit
, telecommunication network and operates solar power plant. The Company received approval from the Security Exchange Committee to proceed initial public offering of new common stocks to public on 13 January 2017. The
Gross Profit Margin Gross Profit Q3-2022 Q2-2023 Q3-2023 Change 9M-2022 9M-2023 Change THB Mn THB Mn THB Mn %QoQ %YoY THB Mn THB Mn %YoY Biomass Power Plant 231.7 206.9 259.1 25.2% 11.8% 752.2 709.6 (5.7
. Utilities Business’s Operating Revenue was Baht 1,570.2 milion, a 19.2% increase YoY as planned reflected stable growth from both volume and price. Share of Profit (Power Business) increased 101.2% YoY from
overall selling price decrease, especially for Caustic Soda due to the fall of its market price trend, plus impact from lower sales volume due to scheduled maintenance and the power supply outage in
, a 11.4% increase YoY as planned reflected stable growth in volume Share of Profit (Power Business) increased 162.9% YoY from 1Q2017 to record at Baht 659.2 million with foreign exchange gain of Baht
. Note that the Plant was COD in 2016. 7 Gross Profit and Gross Profit Margin Q1-2020 Q2-2020 Q3-2020 Q4-2020 2019 2020 THB Mn THB Mn THB Mn THB Mn THB Mn % THB Mn THB Mn THB Mn % Biomass Power Plant 243.7
, and the Plant is COD in 2016. Gross Profit and Gross Profit Margin Q2-2019 Q1-2020 Q2-2020 6M-2019 6M-2020 Change THB Mn THB Mn THB Mn %QoQ %YoY THB Mn THB Mn %YoY Biomass Power Plant 243.3 243.7 263.6
the first quarter of 2020 remained high at 53.4% inclusive of PPA impact, while the genuine gross margin was 54.3%, increasing from 42.4%, comparing to the same period of last year. Utilities & Power
net profit margin increased from 27% in the second quarter of 2019 to 35% in the second quarter of 2020 because its sales of electricity increased as it recognized RH’s and AVA’s sales of electricity in