(%) 24.98% 31.69% (6.72%) 23.54% 29.93% (6.39%) 12. Gross profit from rental and service business (%) 23.38% 34.89% (11.51%) 1.92% 31.01% (29.09%) 13. Gross profit from management business (%) 32.81% 33.38

profit from management business (%) 33.73 35.45 (1.73%) - - - 5. Gross profit from main income (million THB) 741.80 757.74 (2.10%) 557.99 595.17 (6.25%) (%) 29.68 30.64 (0.96%) 27.21 28.62 (1.41%) 6

profit from rental and service business (%) 43.54% 30.16% 13.38% 39.36% 17.08% 22.28% 4. Gross profit from management business (%) 36.82% 33.73% 3.10% - - - 5. Gross profit from main income (million THB

(%) 31.80 24.98 6.82% 29.32 23.54 5.78% 3. Gross profit from rental and service business (%) 34.27 23.38 11.89% 23.06 1.92 21.14% 4. Gross profit from management business (%) 35.21 32.81 2.40% - - - 5. Gross

management business (%) 30.44 34.26 (3.82%) - - - 5. Gross profit from main income (Million THB) 673.75 625.76 7.67% 494.27 471.95 4.73% (%) 29.51 30.70 (1.19%) 27.67 28.34 (0.67%) 6. Expenses on sales

completed in the previous year and sold with higher gross profit margin. Moreover, as a result of the expansion of rental and service business, the income from rental fee and service and management fee

from sales has decreased 32.59%. But the gross profit from sales increases 2.60%. At the same time, the income from rental and service business and management business increases 30.47% and 18.39

Management Discussion & Analysis (MD&A) Q2/2018 Executive Summary Executive Summary For Q2/2018, Global Power Synergy Public Company Limited (GPSC) (“the company”) had a net profit of Baht 1,052 million

management in Thailand. The performance of the Company and the Company’s subsidiaries for the second quarter of 2019, the consolidated financial statement showed a net profit of 148.5 million baht, which was

Companies earned profit from water management business to compensate fluctuation of profit from pipe business. The Group companies expect in long term that water management business can continuously secure