by Baht 127.16 million due to a decline in revenues from construction services and sales of construction materials. Revenues from construction services and sales of construction materials The Company

, together with the decrease in availability payment (AP) due to the appreciation of Thai Baht. • Small Power Producer (SPP): The gross profit increased by Baht 1,847 million as a result of the first full

% 41% - Commercial 145 1,673 148 3% (91%) - Construction materials 25 90 50 101% (44%) - Others 24 30 49 101% 62% Gross profit 486 1,186 527 8% (56%) EBITDA 202 1,077 480 137% (55%) Net profit (loss) 34

materials and factory supplies which was in accordance to an increase in sales revenue in this period. Moreover, cost of Disc material that was increasing from the changed in global steel market price since

- denominated borrowings from Baht 229 million in 2016 to Baht 1,113 million in 2017 due to an appreciation of the Baht against the U.S. dollar at the ending of each financial statement period causing reduction

/mmBtu in Q1’2017 and 231.23 Baht/mmBtu in Q4’2017), despite partly offset by a reduction of capacity payment due to Baht appreciation during the period Electricity sales to Industrial Users (IUs

gain is attributed to the appreciation of the Thai Baht versus the US dollar. (Separate: Baht 376 million). Selling expenses Total selling expenses of the Company and subsidiary amounting to Baht 95

The Company recorded consolidated net gain on foreign exchange for the year 2018 amounting to Baht 197 million (Separate: Baht 83 million). The gain is attributed to the appreciation of the Thai Baht

that focuses on financial reporting process and sufficient arrangement of relevant resources. For example, attaching the Key Performance Indicators (KPIs) of company management to financial reporting

sugarcane for the 2016/2017 crushing season, thus the higher amount of sugar and also the higher by-products from sugarcane production process as raw materials for the by-products businesses. Details are as