revenue from selling electricity of Ichinoseki Solar Power 1 GK (ISP1) as a result of the lower light intensity in winter season. PAGE 3 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q4 2019 and FY2019 Executive
. Operators continued to deploy aggressive discounts in order to retain existing base and also attract new demand. During the COVID outbreak, operators have launched work from home package with lower price
users. EBITDA • EBITDA increased 5.6% y-on-y and 1.7% q-on-q (Baht 6,997 million in 9M’2018 / Baht 2,410 million in Q3’2018) due to the the operation of new power plants. • EBITDA margin was lower to 26.3
respectively, lower by 2.1 percent from the same period last year. For the six-month period, revenue from scheduled flights increased from 9,970.6 million baht to 10,164.5 million baht, higher from the first six
of total revenues which increased 5.3% YoY from both mobile and fixed broadband. QoQ, total revenues decreased 0.7% mainly due to lower interconnection charge (IC) and device sales revenue. Service
lower sales in OEM-Personal care business. Q3’19 the Company’s gross margin improved to 34.6%, +280 bps YoY. This level of gross margin has been sustained since Q4’18 thanks to “Fit Fast Firm” project
in moderate level. Water supply in the reservoirs was approximately lower than the average water quantity of the past 10 years as decreasing rainfall in that area. The weather forecast of the
higher take-home product sales, which usually have lower gross profit margin than products served in store. EDITDA and EDITDA margin • The Company’s EBITDA in Q4/2019 and YE 2019 were THB 78 million and