to submit our management’s discussion and analysis for the fiscal year ended December 31, 2019, as follows: For the year ended December 31 Change 2019 2018 MB MB % Sales revenue 371.33 316.83 17.20
fully amortized cost of purchasing 34 36 40 Summary of Profit and Loss Statement 2016 2017 Change MB % MB % MB % Total Revenues 1,063.7 100.0% 1,356.3 100.0% 292.6 27.5% Cost of Services 377.9 35.5% 574.4
- 2019 Balance by Quarter Change Q1–19 Q4–18 Q1–18 Q1–19 VS Q4–18 Q1–19 VS Q1–18 (Million Baht: MB) (MB) % (MB) % Total Revenue 1,266.5 1,109.5 1,044.9 157.0 14.2 221.6 21.2 Total Operating Expenses
of last year by Baht 49.5 million or is equal to 48.4% which change in the same direction of revenue. The main reason was resulting from decrease in rental expense due to discount from COVID-19
the decrease in selling and administrative expenses but also the better performance of GPSC’s power plants especially IRPC Clean Power Phase 1 whose main customer returned to operate as normal from the
decrease in retained earnings of 6,788 million baht. Summary of Consolidated Financial Results 1. Operating Results Revenues In the first quarter of 2020, the total consolidated revenues were 5,656 million
income decreased mainly due to lower gains on investments and net fees and service income. The main reason for the decrease in net fees and service income was the change in recognition of fee income from