, driven by volume and recognition of value from our customers and was as per our plan despite the fact that costs of raw materials and fuel was well above last year same period. Maintenance and HR expenses

volume vs last year same period. The impact on the financial performance was significantly mitigated (operational cost saving program launched still in Q1 after Covid-19) and longer term via a network

 Analysis and Sales and Administration Analysis The Gross Profit margin was 15% in Q217 up from Q216 at 12% due to increased sales volume, and a more favourable product mix. Page 1 of 3 Operating Profit

 Sales Analysis and Sales and Administration Analysis The Gross Profit margin was 15% in Q317 up from Q316 at 14% due to increased sales volume. Page 1 of 3 Operating Profit Analysis Year‐on‐year operating

level of household debt and conservative spending are continue to hinder domestic consumption by limiting consumption with only necessary items, decreasing in spending frequency and low- price. The

derived from a variety of products, including, derivative warrants (DWs), over-the-counter (OTC) derivatives, investments in debt and equity securities for the Company’s own account, bond dealing, private

January 2020 with y-on-y stable volume. Furthermore, there are new clients who already signed PPAs with total size of 23 MW scheduled for synchronization to the company’s power plants during the first seven

are normally drop in volume during holiday seasons and high SG&A, 2) an improvement on financing cost mainly attributable to debt refinancing, 3) lower interest expense from ABPIF and 4) relatively

of the Thai baht and the intense competition which caused the exports to shrink from the previous year. Domestic consumption was also affected by high living expenses and household debt, as well as the

volume1 of the Company having the total value of THB 8,655.8mn as of 31 March 2019 • Sales volume of 1Q/19 has the value of THB 1,361.6mn • Total revenue of 1Q/19 was THB 1,463.9mn, which the amount of THB