February 2020 respectively, 2) more contribution from renewable power which gives relatively higher EBITDA margin and 3) 4.6% and 4.8% y-on-y declining gas cost per unit respectively. Normalized net profit

in 2019 to Baht 268 million and 225.0% y-on-y in Q4’2019 to Baht 78 million due to 1) contribution from Nam Che 1 project which commenced operation on June 1, 2019 and 2) an increase of water inflow

for BGYSP earnings contribution from equity method to consolidation method after raising stake from 49% to 100% in Q3’2018 and 2) lower profits at our associate namely ABPIF. • Share of profit from

investment in Dusit Hospitality Education Philippines, Inc.; an indirect associate company, to the third party in the total amount of 359,999,700 Peso or Baht 219.60 million. As of 31 March 2020, the contract

Operating Profit Margin 18.0% 19.2% Other income 115.8 109.5 6.3 5.8 Share of profit of investment in associate 2.4 2.5 (0.1) (6.8) Profit before tax expense 1,714.8 1,659.1 55.7 3.4 Profit before tax expense

) (32.24) (2.25) (6.98) Share of profit of investment in associate 0.88 0.67 0.21 31.34 Tax expense (63.40) (59.04) (4.36) 7.38 Profit for the year 296.01 283.21 12.81 4.52 Owners of the Company 259.14

from the 12 non-connected parties. Accordingly, the company will increase the shareholding proportion in PMC from the existing proportion 19.10% to 40.00%. As a result, PMC will be an associate of the

1.42 million Baht. Because other income decreased by 17.81 million Baht due to the last year had income from rental trucks and trailers from associate company amount of 12 million Baht and gain on

decision to execute transactions for investment in two associate companies. In addition, the auditor could not reach a conclusion for the audit of the financial statements for Q3/2016 on the basis of (1

The meeting was chaired by Sirivipa Supantanet, SEC Deputy Secretary-General, along with distinguished members such as Emeritus Professor Vitit Muntarbhorn, Associate Professor Thongthippa