due to the declining in raw water sales volume and net profit attributable to Equity holders of the parent company was 1,117.52 million Baht, decreased by 103.66 million Baht or 8.49%. Income statement

and raw material importation by hedging forward contract from several financial institutions. Industry Overview In 2018, Thailand’s chicken meat export reached an all-time high which equaled to THB

(342.7) (4.8) Total Operating Expenses 6,216.3 6,532.6 (316.3) (4.8) Profit 394.3 392.1 2.2 0.6 Since the beginning of 2020, both business and society in Thailand and around the world have been widely

67.37 94.72 27.35 40.60% Income tax expenses 59.19 65.40 6.21 10.49% Net profit 227.68 252.81 25.13 11.04% Net profit ratio (ROS) 16.00% 14.78% Earnings per share (Baht) 0.37 0.42 0.05 13.51% Total

(up 272.7% YoY) largely as a result of the increase in total revenue and the EBITDA margin rose to 31.5% (2018; 13.0%) • Reported net profit of THB 1,867mn (up 394.9% YoY), from aforementioned higher

September 18, 2018 from net profit that still enjoys the tax exemption for corporate income from BOI, therefore, the dividend is free for income tax. 2. The Board of Directors had approved the related

September 13, 2018 from net profit that still enjoys the tax exemption for corporate income from BOI, therefore, the dividend is free for income tax. 2. The Board of Directors had approved the related

%) Gross Profit 192.41 39.9% 237.71 45.4% 45.30 23.5% SG&A 82.75 17.2% 97.39 18.6% 14.64 17.7% EBITDA 155.43 32.2% 186.69 35.7% 31.26 20.1% EBIT 109.66 22.7% 140.33 26.8% 30.67 28.0% Interest Expenses (0.80

Expenses 173.84 168.24 3 Reversal of allowance for doubtful account 16.10 7.38 118 Reversal of allowance for diminution in 2.19 0.63 248 value of inventories Profit (loss) from operating activities 169.16

contract since Q4/2018. • Small Power Producer (SPP): The gross profit increased by Baht 2,184 million as a result of recognizing gross profit from GLOW’s SPP plants of Baht 2,081 million. As for GPSC’s SPP