, a 15.0% increased from 1Q2017. 3 Power Business In 1Q2018, our Share of Profit from Investment in Associates and Joint Ventures (“Share of Profit from Investments”) and Dividend Income totalled at

cancellation of assets (liabilities) thus income tax for 2 Power Plant which has not fully operated as amounting of 40.89 Million Baht which cause income tax expenses in this quarter 5 2. Financial Analysis

. Power Business In 1Q2020, Total Revenue from Power Business and Share of Profit from Investment and Dividend Income totalled at Baht (102.5) million, a 130.1% decrease from Baht 340.6 million in 1Q2019

Investment and Dividend Income totalled at Baht 1,979.8 million, a 6.9% decrease from Baht 2,125.6 million in 2018. However, Normalized Total Revenue from Power Business and Share of Profit from Investments

. For 1H2018, Gross Profit Margins, excluding Other Income from Utilities Business was 34.4% improved from 30.3% in 1H2017, maily from increased of sales volume and lower maintenance cost. Power Business

Excessive Charge was Baht 106.8 million in 2019, or increased by Baht 86.0 million. Power Business In 2019, our Total Revenue from Power Business and Share of Profit from Investment and Dividend Income

target group of customers can maintain their purchasing power. For recurring income business, in November 2019, the Company kicked off the construction of “Hotel Kitch”, a 72-room hotel that will be

estate developer and its customers. Although overall economy is soft, the Company’s target group of customers can maintain their purchasing power.   For recurring income business, the Company had adjusted

-to-low income population’s purchasing power due to drought and Covid-19 pandemic, as well as a decrease of mobile top-up value according to the customer’s behavior that prefer using data package top-up

revenue from the core business in 2Q2020 was Bt666.61mn, decreasing 17.1% YoY, mainly from a decrease of the middle-to-low income population’s purchasing power due to drought and Covid-19 pandemic, as well