last year. Cost of goods sold and services increased in portion of increasing revenue but expenses were increasing in portion less than revenue. Selling and admin Expense decreased 19.09% cause from

16,407.00 19,905.00 (17.57) Selling and Administrative Expenses 9,963.00 11,723.00 (15.01) PROFIT BEFORE INCOME TAX 6,983.00 8,729.00 (20.00) Income Tax (Expense) Revenue 2,627.00 3,260.00 (19.42) PROFIT

business requires the Company recognize an allowance for expected credit losses on its financial assets and it is no longer necessary for a credit-impaired event to have occurred. 4. Income tax expense

14.56 million baht or 13.47% from 108.08 million baht in Q2/2019 due to the recognition of interest expense in construction completed projects in 2020. Please be informed accordingly Sincerely yours

%) Operating expenses 717,690 694,345 3.4% Finance costs - Interest expense 24,862 8,795 182.7% Net (loss) profit (370,918) 259,735 (242.8%) The Company closed year-end 2019 with hotel income of Baht 1,301.2

sales related to generation and distribution of electricity under SAAM-SP1 mainly includes (1) depreciation expense for the solar power project, (2) operation and maintenance, and (3) other costs such as

%) Operating expenses 149,778 250,591 (40.2%) Finance costs - Interest expense 21,798 3,105 602.0% Net (loss)/ profit (48,600) 10,948 (543.9%) Financial performance during the first quarter ended 31 March 2020

12,297.00 32.63 Selling and Administrative Expenses 11,628.00 9,874.00 17.76 PROFIT BEFORE INCOME TAX 6,114.00 3,072.00 99.02 Income Tax (Expense) Revenue 2,176.00 644.00 237.89 PROFIT (LOSS) FOR THE PERIOD

and distribution of electricity under SAAM-SP1 mainly includes (1) depreciation expense for the solar power project, (2) operation and maintenance, and (3) other costs such as utility expenses

consolidate financial statement as follows: • Income from GLANDRT leasehold asset divestment amount THB 270 mn was recognized in share of profit from associated companies • GLANDRT dissolve expense amount THB