margin loans 1.7 Share of profit of subsidiaries and associates 1.8 Others incomes Total Income 2. Expenses 2.1 Expenses on Borrowing 2.2 Fee and Service Expenses 2.3 Bad debt and doubtful accounts 2.4

operations include (i) natural gas price and coal price that continued to drop further from previous quarter resulting in lower costs of sales and increasing industrial customers sales margin in spite of the

impacted our EOEG facility at Clear Lake, Texas and lowered HVA and Necessity production by over 45KT during a strong margin environment. Since startup, the plant is performing well into 3Q17 with margins

% Gross profit margin* (%) 20% 27% 29% 2% 9% Net profit margin (%) 14% 16% 18% 2% 4% Management Discussion & Analysis Management Discussion & Analysis (MD&A) Q1/2018 Management Discussion & Analysis The

Co., Ltd. On 14 July 2017, CPN purchases 26 mn shares in Dara Harbour Co., Ltd. held by Property Perfect Public Company Limited (“PF”), equivalent to 65% from the total shares of 40 mn shares for THB

-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

Baht 13.59 million in the same period of previous year. 1.10 Profitability For the period of three months ended 30th June 2019, the Company and its subsidiaries had gross profit margin of 11.32 percent

allot 460,000,000 new ordinary shares through private placement to VAVA at a subscription price of Baht 0.405 per share, equivalent to 24.66% of the total issued shares of the Company, and VAVA agrees to

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

to portfolio expansion through project COD and the acquisition as mentioned. • EBITDA margin increased to a new record of 29.2% in Q1’2020 from 1) additional industrial users with total PPA of 26 MW, 2