Margin increase 1.2% QoQ from 25.4% to 26.6%. The increase in Gross Profit and Gross Profit Margin mainly derived from the shutdown hours to improve machinery’s efficiency of biomass power plants are lower

were 61.5% and 56.5%, respectively. The increase of gross profit margin was from higher average selling price and better construction cost management. Utilities & Power Business Q2 2018 Q2 2019 Increase

of sales volume and improving operating performance. Power Business In 3Q2018, our Share of Profit from Investment in Associates and Joint Ventures (“Share of Profit from Investments”) and Dividend

Project with capacity of 7,500 cubic meter per day in WHA Eastern Industrial Estate achieved Commercial Operation Date in 3Q’18. Power Business In 2018, our Share of Profit from Investment in Associates and

transferred in this quarter, having lower land and construction costs. Utilities & Power Business Q2 2016 Q2 2017 Increase/(Decrease) THB mm THB mm THB mm % Revenue 500.2 495.7 (4.5) (0.9%) Gross Profit 205.4

could gain profit from biomass power plant project with installation capacity 7.5 MW of Prize of Wood Green Energy at Narathiwas Province. The Company could start gaining from profit sharing of full

came from power plants in Vietnam, Baht 127.59 million from power plants in Japan and Baht 27.80 million from power plants in Thailand. 2. Profit from sales of investment. The subsidiary has sold two

Project and Collinsville Solar Power Project on December 12, 2018 and March 21, 2019; respectively. 2.5 Share of profit of associates and joint ventures Share of profit of associates and joint ventures for

1,727.16 million, increasing by Baht 390.31 million or 29.2 percent from Baht 1,336.85 million in the 2 nd quarter of 2017. The main reason was the profit of Hongsa Power Company Limited ("HPC"), a joint

Power Company Limited ("HPC"), a joint venture, in a portion of 40 percent increased in the amount of Baht 599.48 million; as well as, the profit of Phu Fai Mining Company Limited, a joint venture for