or 10.3% due to the loans repayment by ACM. 5 Corporate income tax expenses Corporate income tax expenses amounted to THB 166 million, increased by THB 65 million or 64.1%, representing the effective

comparing Q2-2022 with Q2- 2021, it found that the changed rate of profit for the period and the total income are different. This is because the projects delivered in Q2-2022 were higher gross margins. As the

acquisition of GLOW, which increased net profit by Baht 238 million. In addition, the company received dividend income from Ratchaburi Power Company Limited (RPCL) for Baht 72 million. Normalized net profit

year 2017 16 Table 4: Summary of Consolidated Financial Results Unit: Million Baht 2017 2016 + / (-) Income Revenue from sale 25,705 21,684 19% Revenue from service - Tolling - - Reversal of bad and

(MD&A) for year 2017 (Revised) 16 Table 4: Summary of Consolidated Financial Results Unit: Million Baht 2017 2016 + / (-) Income Revenue from sale 25,705 21,684 19% Revenue from service - Tolling

three measurement categories; amortized cost, fair value through other comprehensive income (“FVOCI”) and profit or loss (“FVTPL”) driven by the entity’s business model for managing its financial

Financial expenses were THB 33 million, an increase of THB 7 million. This amount consists of interest paid by ACM of THB 12 million, recognized through the income statement after commencing commercial

the year 2018 ended March 31, 2018 as follows: Company’s Performance (unit: million Baht ) 2018 (Quarterly) Percentage 2017 (Quarterly) Percentage Total income and other income 5.94 100.00 12.97 100.00

% Adjusted EBITDA Margin (%) 1.0% 9.3% -8.3% 4.4% -3.4% 4.3% 8.6% -4.3% Net Profit -97 185 -152% -36 169% -113 317 -136% Item from raw materials derogation - - n.a. 14(2) -100% 16(2) -2,004 -101% Tax income

COMPANY LIMITED Management’s Discussion and Analysis 6M’19 6M’20 change Q2’19 Q1’20 Q2’20 change change Btmn Btmn y-on-y Btmn Btmn Btmn y-on-y q-on-q Sales and service income 21,123 22,466 6.4% 10,866