completed in December 2019. Moreover, the average interest rate of debentures during Q1/2020 was higher than that during Q1/2019. Net Profit   In Q1/2020 the Company had consolidated net loss of THB 139.5mn

transfer the remaining units in 2019. 2. Completion of SPRIME establishment – on 18 January 2019, S REIT Management Company (“SREIT”) – our wholly owned subsidiary and REIT manager of SPRIME – has completed

paid-up common share (Million Share) 565.14 565.14 0.00 0.00% Par (Baht) 0.50 0.50 0.00 0.00% 4.1 Assets The total asset as at September 30, 2019 was increased in an amounting of Baht 47.10 million or

completed. This is resulted to financial costs in the 3rd quarter 2017 increased from the previous quarter. But, when compared with the same period of previous year, Management's Discussion and Analysis and

6.42% Liabilities 372.39 283.75 88.64 31.24% Shareholders' equity 643.70 671.07 (27.37) (4.08%) Issued and fully paid-up common share (Million Share) 565.14 565.14 0.00 0.00% Par (Baht) 0.50 0.50 0.00

(0.37) (0.06%) Issued and fully paid-up common share (Million Share) 565.14 517.82 47.32 9.14% Par (Baht) 0.50 0.50 0.00 0.00% Management's Discussion and Analysis and operating results for the Quarter 2

plants acquired was completed the process of revising the power purchase agreement to FiT in the second quarter of 2021. In addition, the other biomass power plants, excluded the new plants, had planned

acquired in the third quarter of 2020 was completed the process of revising the power purchase agreement to FiT in the end of second quarter of 2021. In addition, the biomass power plants had planned

95.0 22.3 Total Expenses 11,482.6 69.0 9,621.5 68.1 (1,861.2) (16.2) Profit before share of loss from investments in joint ventures, finance cost and income tax expenses 5,155.2 31.0 4,500.7 31.9 (654.5

(130.08) (100.22) 30.86 30.79% 5 Finance costs (14.29) (9.86) 4.43 44.93% 6 Share of profit (loss) of associates - (20.68) (20.68) (100.00%) Profit before income tax 43.35 28.22 15.13 53.61% Income tax