Year 2017 Year 2016 Pe rfo rm an ce Revenues 15,178 11,669 Sales Volume (k tons) 812 722 EBITDA 1,062 1,189 Net Profit (Loss) 990 (7) HR C HRC Sales (k tons) 812 722 HRC Production Volume (k tons) 876

: * Normalized net profit = Net profit – Unrealized gain / (loss) from FX – Non-recurring income / (expense) B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis 2017 2018 % change Q3’2018

other income amounted 15.3 million Baht compared previously year 18.1 million Baht. In Year 2018, Gain on sale of land and structures held for future development in amount of 167.8 million Baht and Gain

latter decreased in production due to the adjustment stock management to suitable with the decrease in HRC market price worldwide. - Gain on exchange rate was achieved of THB 193 million in Q2-2017, which

profit (loss) attributable to equity holders Margin (%) 4.2% 6.9% -2.6% Net profit (loss) attributable to equity holders (Exclude Gain (Loss) on exchange rate) 300.8 597.2 -296.4 -49.6% Net profit (loss

-7.09% Administrative expenses (7.84) (9.11) (1.26) 16.11% Other expenses 0.07 (1.15) (1.22) -1695.70% Profit from operating activities 25.01 2.62 (22.39) -89.52% Share of gain (loss) on investments in

, primarily due to gain from fair value adjustment of investment property at THB 794m realized in 2Q18. The Company made the first dividend payment which was made from 2018 Net profit at THB 0.04 per share on

higher than the revenue in Q1-2022, the profit in Q2-2022 was lower than the profit in Q1-2022 due to the gain on sales of investment. Operating Results and Capabilities to Make Profit Performance from

No. ACC 07/2017 SUBJECT EXPLANATION FOR THE INCREASE IN NET PROFIT OF OVER 20 PERCENT FOR YEAR 2016, COMPARED TO THE PREVIOUS YEAR ATTENTION PRESIDENT, THE STOCK EXCHANGE OF THAILAND Khon Kaen Sugar

59 percent and 41 percent of total Revenue from sale respectively. The sharing of gain (loss) from investment value of the associates for the 1st quarter 2019 was profit Baht 1.62 million increasing