under a 25-year PPA. These projects were able to achieve COD as scheduled in PPA while the construction cost was also in line with the budget approved by shareholders. 2019 will be the first full year

network cost related with higher consumption, offset by cost efficiency effort. • Regulatory fee was Bt1,577mn, increasing 15% YoY and -0.3% QoQ, in line with core service revenue movement. The regulatory

from higher network cost related with higher consumption, offset by cost efficiency effort. • Regulatory fee was Bt1,577mn, increasing 15% YoY and -0.3% QoQ, in line with core service revenue movement

July 2018 with a gain from business combination of Baht 276 million which should be amortised by Baht 12 million per annum along the PPA life. BGRIM started to consolidate BGYSP’s financial statement in

. Moreover, other operating expenses increased by Baht 4,381 million or 6.41 percent, especially from branding campaigns and marketing activities in line with KBank’s business direction. As a result, the cost

selling expenses increased by Baht 1.6 million which is in line with the increase in sales revenue. Financial Cost In three-month period ended 2018 and 2019, the finance cost of the Company was Baht 5

. Financial performance Statement of income Consolidated Financial Statements for 2019 2018 Change (Audited) (Audited) Increase (Decrease) THB Million % THB Million % THB Million % Revenues Sales income 16.89

). The growth in cost of services was in line with the growth in revenue. As the end of 2019, we have slightly improved the gross margin from 45.4% to 45.9%. Gross Profit As a result of overall

1H16 was in line with the decrement in sales. The gross profit margin was 47%, higher than 2Q16 and 1Q17 due to the Company effort to carefully control marketing expenses. For 1H17, the gross profit

than 35 percent of the seaweed production in China for the year 2017 which impact to all seaweed business around the world. In addition, the first two phase of production line at Rojana factory has been