recognizing gross profit from 3 of GLOW’s IPP plants of Baht 1,541 million. As for Sriracha Power Plant, gross profit increased by Baht 37 million due to lower maintenance cost from Long Term Service Agreement
2.46 -5.7% Steam to IU - Thailand Baht/Ton 1,059.31 1,034.45 -2.3% Effective gas cost Baht/mmBtu 240.00 239.89 235.26 -0.0% -2.0% B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis
Baht 825 million for the six months ended June 30, 2017, primarily due to an increase in operation and maintenance costs arising from the inclusion of the new power plants described above. Other cost of
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
service Cost of sales and service increase 5.2% QoQ from Baht 874.7 million to Baht 920.4 million. The increase by Baht 45.7 million, mainly from increase in cost of natural gas power plant from first
natural gas power plant from second quarter amounting to Baht 41.1 million as the increasing in fuel material cost from increase in average natural gas price, thus sales in the portion of natural gas power
by Baht 98.6 million mainly from cost of Natural Gas Power Plant from decrease in fuel material cost because of the decline in average natural gas price. In addition, cost of repair and maintenance of
service Change YoY Cost of sales and service increase 7.3% QoQ from Baht 971.2 million to Baht 1,041.7 million. The increase by Baht 70.5 million, mainly from increase in cost of natural gas power plant
in natural gas prices while natural gas consumption slightly increased from Sriracha Power Plant. Comparing to Q3/2017, the cost in Q3/2018 increased by 1,875 million, or 73% from Sriracha Power Plant
our new power plants that became commercial operation in recent years, operational cost saving and an increase in Ft in May 2017. Normalized Net Profit (NNP) NNP increased 19.3% year-on-year from Baht