projects. However, selling expenses declined from lower revenue from sales and services. Finance cost The finance cost decreased by 42.4% yoy to THB 15 million, attributable to the repayment of long-term

income in 2018 was Bt52.3 million, decreasing by 11.2%(y-o-y) since lower interest income as the investment in short-term Government bonds have been reduced due to the proceed of investment in the Northern

income in 2018 was Bt52. 3 million, decreasing by 11. 2% ( y- o- y) since lower interest income as the investment in short- term Government bonds have been reduced due to the proceed of investment in the

increase by Bt5.0 million or 0.1% from the previous year. Total revenue growth was lower than the increase in expenses, mainly due to an increase in depreciation and amortization and financial expenses. As a

pumped more water to Klongyai and Nongplalai reservoir while the water flowing into Prasae reservoir during the beginning of the year was also lower compared to the same period of last year. The average

at 21% respectively. 1.1.2 Others Income Others income was of Bt11.4million, a decrease of Bt7.4 million or 39.4%(y-o-y). Since lower interest income as investment in short-term Government bonds has

% 3 / 5 Other incomes The company had other incomes in 2018 lower than those in 2017 approximately Baht (3.60) million. It was since that the company had gain on exchange in year 2 0 1 7 from importing

lower net profit. For the liquidity analysis, current ratio rose to 0.56 times. Debt to equity ratio improved to 0.84 times due to the repayment of long term debt. Debt service coverage ratio (DSCR

broadband, and device sales. QoQ, total revenues slightly decreased 1.7% from lower device sales and IC revenue. Service revenue was Bt36,957mn, increasing 6. 9% YoY and 0. 2% QoQ. Excluding IC & equipment

155.6%, arising from increase in available payment from GHECO-One, according to the Power Purchase Agreement (“PPA”) which is based on the principle that annual Availability Payment (“AP”) will not lower