absence of revenue from the property development business and increase in administrative expense as explained above. Summary of Financial Performance Analysis of the Operating Results Revenues For the

% (3.76) -0.5% -26.1% -44.6% Interest Expenses (7.80) -1.0% (11.56) -1.4% (11.13) -1.3% -3.7% 42.7% Profit before income tax expenses 157.70 20.0% 170.98 20.1% 163.57 19.7% -4.3% 3.7% Income tax expense

additional expense for equipment rental of THB 0.79 million arising from the delay in shipment of inverters for SAAM- SP1. However, a depreciation cost in 2017 decreased by THB 0.89 million due to change in

as follows: - Operating and Administrative Expenses For the nine-month period of 2018, the consolidated operating and administrative expense were 6,435 million baht, increasing by 7% y-y and

. Expense (Unit: Million Baht) Third quarter 9-month period 2019 2018 Change % 2019 2018 Change % Selling expenses 146 242 (96) (40) 452 571 (119) (21) Administrative expenses 396 368 28 8 1,254 1,133 121 11

, the Group’s administrative expense totaling of Baht 78.03 Million, increased of Baht 11.93 Million, or 18.04% compared with previous year. By 2018, administrative expense totaling of Baht 66.10 Million

% 0.1% 5.6% 5.6% - Administrative Expense per net sales 10.0% 11.5% (1.5%) 7.8% 8.0% (0.2%) Net profit margin 7.4% 4.0% 3.4% 9.6% 7.3% 2.3% - Basic earnings per share (Bath/Share) 0.08 0.04 0.04 94.7 0.11

19.18 6.00 31.28 579.88 466.78 113.10 24.23 Loss Before Income Tax (299.46) (265.84) (33.62) (12.65) Income tax expense 3.49 0.54 2.95 546.30 Total loss for the period (295.97) (265.30) (30.67) (11.56

Loss Before Income Tax -25.62 -96.29 70.67 73.40 Income tax expense -0.14 1.78 -1.92 -107.87 Total loss for the period -25.76 -94.51 68.754 72.75 Other Comprehensive Income -0.10 -0.71 0.61 85.92 Total

million, a decrease of Baht 9.63 million or down by 6.04% due to the lower depreciation expense, which included the impact of adopting the Financial Reporting Standard No.16, as well as the lower utility