million baht, respectively, due to the decrease in fair value of investment in equity securities which is in line with the decrease of the SET Index and the reduction of service fee income received from

No. AC 070/2562 KHON KAEN SUGAR INDUSTRY PUBLIC CO., LTD 503 K.S.L. TOWER, 9th FLOOR, SRIAYUDHYA ROAD, RAJATHEVI, BANGKOK 10400 16 September 2019 SUBJECT EXPLANATION FOR THE DECREASE IN NET PROFIT

performance of the Group Unit: Million Baht Q3’ 2019 Q3’ 2018 Increase (decrease) Variance (%) Total revenues 1,701 1,875 (174) (9%) Net profit 112 137 (25) (18%) The Group’s total revenues for the third

and 2020 were 61.3% and 60.9%, respectively, decreased by 2.7% from Q4/2019 and 3.8% from 2019. • The decrease in gross profit margin was mainly due to the reduction in total revenue from sales in a

decrease in cost of sales. 2.2 The cost of renewable energy amounted to 29.94 million baht, a decrease of 7.13 million baht or 19.23 percent due to the depreciation from the reduction of cost of solar panels

baht comparing to September 30, 2018 due to the decrease in trade and other payables following the reduction of sales. Accordingly, the total shareholders’ equity amounted to 3,534.55 million baht

million, a decrease of THB 1.88 million or 1.68 per cent, compared to the same quarter in 2018. The result of the decline in revenue came from the reduction of media fee. 2. The administrative expenses of

securities amount of THB 70.34 million, a decrease from 2017 amount of THB 23.17 million or 24.78 per cent. The main reason for the reduction of other income in 2018 is because the Company has gain from the

resolution of BKD’s Board 4/2019 on November 11, 2019 has been approved the financial statements for the nine months ended September 30, 2019 The Company net profit of 59.12 million baht which decrease 91.60

. 2.2 The cost of renewable energy amounted to 7.67 million baht, a decrease of 0.48 million baht or 5.87 percent due to the depreciation from the reduction of cost of solar panels and machinery. This was