Finance Cost 20.73 26.69 (22.33) Net Profit 192.09 129.08 48.81 (Unit : Million Baht) Financial statements in which equity method is applied 2019 2018 % Change Sales and Service Income 2,055.48 1,892.88
year due to the profit realized from the biomass power plant project 7.5MW of Prize of Wood Green Energy Co.,Ltd., invested by Safe Energy Holdings Co.,Ltd., started the commercial operation date on
with 35.64THB/USD of H1 2016. Page 2 of 2 Other incomes of H1 2017 included the sales of a joint venture investment in Maesod Clean Energy Co., Ltd. of 59.06MB, while other incomes of H1 2016 included
business structure to move towards Green Businesses targeting renewable energy, materials recycling and eco management. To pursue its business strategy, 36 MW solar farms in Thailand have been acquired in
its subsidiaries (the “Company”) reassessed its business structure to move towards Green Businesses targeting renewable energy and real estate business. To pursue its business strategy, the Company
key management positions and business strategies in order to enhance efficiency and growth. Under new structure, UWC shifted the focus from less competent business such as renewable energy to Steel
credits in the form of Renewable Energy Certificates (REC) with respect to its electricity generation output. Gangdong construct and operate by Paju ES, a company in which EGCO owns a 49% equity interest
Absolute Clean Energy Public Company Limited 140/6 ITF Tower 7th floor Silom road, Suriyawong, Bangrak, Bangkok 10500 No. ACE-ACC-1/2019 12 November 2019 Subject Management Discussion and Analysis
capacity of electricity in 2018 classified by producers Source: EGAT and Department of Alternative Energy Development and Efficiency (DEDE) In the recent year, the National Energy Policy Council (NEPC) had a