2020, although total Profit for the year were significantly decrease from the previous year due to the COVID-19 pandemic, resulting in the decline sale of products in the banking and export sector

shareholders’ equity at the end of 2Q’20 nearly unchanged from end of Y2019 because of more profit contributed and dividend paid nearly at the same amount. 30-Jun 31-Dec 30-Jun Unit : THB million 2020 2019 2019

Industrial Users (IU). Renewable Energy  In 1Q2020, Solar Rooftop Projects (18.8 Equity MW) generated Baht 8.5 million of Revenue and Share of Profit to WHAUP, a Baht 5.9 million increase from 1Q2020, as a

Profit 134.81 91.09 48.00% Net Profit 33.82 12.10 179.50% Statement of comprehensive income for the three month periods ended (Unit: Million Baht) Quarter 1/2021 % Quarter 1/2020 % QoQ (%) Sales 1,371.05

and joint ventures stood at THB (114.7) mm. The increase in normalized share of profit from power associates and joint ventures was mainly due to continuously increase in Equity MW from Small Power

169.47 49.05% Cost of rendering of services (228.29) (355.37) (127.08) 55.67% Gross profit 117.24 159.63 42.39 36.16% Other income 0.10 0.69 0.59 570.56% Services expenses (4.59) (6.83) (2.24) 48.74

equity as at 31 March 2023 was THB 534.48 million, increased by THB 1.93 million or +0.36% from 31 December 2022 mainly due to the increase in retained earnings as a result of Company’s profit for the

64.81 79.00 14.20 21.91% Cost of rendering of services (51.03) (56.57) (5.54) 10.86% Gross profit 13.78 22.43 8.65 62.81% Other income 0.30 1.37 1.07 356.61% Services expenses (1.20) (1.24) (0.04) 3.27

was driven by the outstanding profit of the Company and its subsidiary. In addition, the significant improvement of return on equity was from the decrease of shareholders’ equity as mentioned above. For

104.9 2.5 2.4% Cost of sales and services (1,274.4) (1,121.4) (153.0) (12.0%) Gross profit 466.2 350.0 (116.2) (24.9%) Net gain (loss) on exchange rate (17.4) 94.4 111.9 N.A. Gain (loss) on forward