stock management. In addition, the company recognized lower stock loss & NRV than previous quarter by THB 31 million due to slowing pace of downward trend of CPO prices. Therefore, the company had

Management Discussion & Analysis (MD&A) Q4/2018 and FY2018 Revenue Q4/2018 VS Q3/2018 (QoQ) Total revenue in Q4/2018 decreased by 984 million or 72% from previous quarter due to the following reasons: • The

of 72.32 million Baht in 2018. The Company’s net loss has increased 84.18 million Baht or 116.40 % from the previous year. ท่ีตั้ง 55/2 หมู ่8 ถ. เศรษฐกิจ 1 ต.คลองมะเด่ือ อ.กระทุ่มแบน จ.สมุทรสาคร 74110

no effect on gross profit. In addition, management of electrical machinery operation of the current year is improved from the previous year, resulting in the ability to produce more electricity with

, the new interconnection rate was Bt0.27/minute, a change from the previous Bt0.34/minute. Cost & Expense Cost of service (excluding IC) was Bt15,203mn increasing 20% YoY from higher D&A and network OPEX

Bt3.5 million or 8.3% from Q2/2016. And the financial expenses in the first six months of 2017 was Bt77.7 million, an increase of Bt15.6 million or 25.1% compared to the same period of the previous year

redemption, but increased by 29% QoQ. Net interest-bearing debt to equity ratio stood at 0.31 times, considerably decreased from 0.38 times previous year due to lower outstanding debt and higher retained

million or 25.5% compared to the same period of the previous year. As a result, BAFS, the parent company has increased its borrowings to raise capital in FPT since Q2/2016. 1.3 Operating Results Net profit

weighted average market price and the price is higher than the outsider in the previous period of 4.85 baht per share. The disposal of TSE shares initiates the higher return of an investment with

to be in line with natural gas price. Therefore, an increase in gas price has no effect on gross profit. In addition, plant heat rate of the current period is improved from the previous year, resulting