Page 2 Management Discussion and Analysis 1. Significant events in the second Quarter of 2019 1.1 The progress in construction projects - Xayaburi Project, a project of the Xayaburi Power Company Limited
Company had expense related to the operational restructuring and other professional fees from the ongoing projects. Earnings before Interest, Corporate Income Tax, Depreciation and Amortization (EBITDA) The
service (EPC) and solar cells implementation of Combine Heat and Power Producing Company Limited (CHPP) as the revenue recognition is based on the progress of ongoing projects. Quarterly Comparison of
1,366.11 +5.37% Cost of Sales and Services 1,251.00 1,139.66 +9.77% Selling and Administrative Expenses 103.61 100.96 +2.62% EBIT 84.88 125.50 -32.36% Net Profit 70.56 104.37 -32.39% Basic Earnings per Share
subsidiaries’ total earnings amount to Baht 169 million, consisting of Baht 168 million contract revenue and Baht 1 million of other income and interest. This is a decrease of Baht 166 million (50%) from Q3/2018
21% Corporate income tax 8 - 10 - 18 -180% 10 - 2 12 -600% Earnings (Loss) for the Period - 183 - 14 - 169 1207% - 115 - 9 - 106 1178% Non controlling interest 3 3 - 0% - - - 0% Net Earnings (Loss
Baht 56 million. Discussion and Analysis of the Company and its subsidiaries Operational Results in 2019 and 2018 Corporate Revenue In 2019 the Company and its subsidiaries’ total earnings amount to Baht
% Corporate income tax -1 -2 1 -21% 0 0 0 -0% Earnings (Loss) for the Period -88 3 -91 3,259% -63 -6 -57 904% Non controlling interest -1 0 -1 782% 0 0 0 0% Net Earnings (Loss) -87 3 -90 3,327% -63 -6 -57 904
income tax -8 -10 2 -20% -7 -8 1 -13% Earnings (Loss) for the Period -50 39 -89 -228% -29 37 -66 -178% Non controlling interest - 1 -1 -100% - - - - Net Earnings (Loss) -50 38 -88 -232% -29 37 -66 -178
the parent) of Baht 258 million and earnings per share of Baht 0.13 for 1Q2018, an increase of 14% when compared to consolidated profits (attributable to equity holders of the parent) of Baht 226