, Return on Assets and Return on Equity improved from 10% and 12% in 1Q’17 to 12% and 14% yoy. They were driven by the outstanding profit of both the Company and subsidiary. In respect of liquidity ratio in

declined yoy whereas revenue per head remained on the rise. The increase of revenue per head was Operation : Consolidated Profit & Loss Statement 3Q 3Q % 9 mth 9 mth % Unit : THB million 2019 2018 change

ended 30 September 2019, which net profit has changed more than 20% from the last year as follows: Statement of Comprehensive Income Unit: Million Baht 30 September 2019 30 September 2018 Increased

expenses 0.84 (2.03) 2.86 (141.17) Net profit 7.37 (1.75) 9.12 (519.77) 2 Unit : MB For the period ended Change 31 March 2020 31 March 2019 MB % Earnings before interest, taxes, depreciation and amortization

Company still has the EBITDA profit margin equal to the same period of the previous year at the rate of 12. 5 percent because of its better capability to control the manufacturing costs, despite that the

) which is held 33.37 percent of total shares by ECF Power Company Limited (ECF-P) and ECF-P is the subsidiary held 99.99 percent by the Company. At the present, SAFE could gain profit from biomass power

) (15.07%) Selling expenses (15,590) 2.97% (14,594) 3.62% (996) (6.82%) Administrative expenses (123,103) 23.45% (137,743) 34.21% 14,640 10.63% Share of profit (loss) from investment in associate 433 0.08

’ equity was brought by THB 31.17 million net profit during the period Please be informed accordingly, Yours sincerely, (Mr. Maetup T.Suwan) Managing Director

Consolidated Financial Statement (Unit: Million Baht) 2020 2019 YOY Million Baht % Sales and Services 366.78 1,329.58 (962.80) (72.41%) Gross Profit 87.30 131.58 (44.28) (33.65%) Other Income 87.83 18.63 69.20

total shareholder equity of 448.1 MB which increased from December 31, 2018 in amount of 56.8 MB due to profit from operation (including other comprehensive expense) 102.0 MB, the increased in other