- attributable to equity holders of the parent 24.15 30.57 (6.42) (21.00) Gross Profit Margin (%) 25.20 30.30 Net Profit Margin (%) 9.60 12.30 Unit: million Baht For 9-month period (Jan-Sep) 2019 2018 Change

interest margin 2.48% 2.46% 2.34% 0.02% 0.14% Net fees and service income to operating income ratio 23.9% 24.3% 24.1% (0.4)% (0.2)% Expense to operating income ratio 42.6% 56.2% 39.9% (13.6)% 2.7% Return on

and Leasehold REIT (DREIT) (property sales profit recorded in 3Q19), and the recognition of gain on reclassification of investments in 4Q19, and recognition of gain on sales of investments in associated

million, increased by Baht 475 million or 82% from Q4/2018, and NNP margin increased by 2% as there was a major overhaul of the Independent Power Producer (IPP) in Q4/2018 compared to Q1/2019. Also, NNP

management, compliance, and internal audit based on the principles of the Three Lines of Defense to ensure the effectiveness of securities company oversight and to further promote recognition of the

gross profit margin of 1.68 percent in spite of increase in selling and administrative expenses of 1.83 percent. The Corporate Group’s net earnings per share was Baht 0.45 per share, an increase from the

-scale projects have relatively low gross profit margin due to the high competition. Those can be shown from the increased rate of cost of sales and services higher than the increased rate of revenue. In

revenue decreased by 5.3% from 3Q17 due to a decrease in revenue from Education Business and revenue recognition from leased right assignment in the same period last year. Earnings before Interest, Taxes

:  From 1 January 2019, the new Thai Financial Reporting Standard in relation to revenue recognition (TFRS 15) has been applied to GHECO-One which resulted Gheco-One to levelize the AP over the contract

economy growth in 2019, the slowdown of Government’s energy Saving programs promoting the replacement of conventional lamps to LED and the delays of sales revenue recognition resulting from product