profit margin of branded products by our own manufacture as a result of reduction in cost of production especially cost of sugar and packaging. Note: 1/ Energy Drinks and Sport Drinks 2/ Drinking Water, 3
and IC revenue. • Network OPEX & NT partnership cost was at Bt5,281mn, increasing 9.7% YoY due to the increased utility cost following the rising energy price. It remained flat QoQ due to network cost
last year. As a result, same-store utility cost increased only 0.9% YoY, thanks to CPN’s continuous effort to conserve energy usage. Hence, the cost-to-revenue ratio is expected to be similar to the
decreased 1.3% YoY, thanks to CPN’s continuous effort to conserve energy usage. Hence, the cost-to-revenue ratio is expected to be similar to the magnitude of last year amidst the increasing trend of
from Glow Energy Power Plant together with the recognition of natural gas and coal cost from GLOW’s Power Plant. • The cost of sales of goods and rendering services of Very Small Power Producer (VSPP
targeted to be 19,684 megawatts in 2036. In 2017, the government has continuously promoted power generation from renewable energy occupied with lower development cost. This resulted in a continuous growth of
part of the 3E project (Efficiency, Energy, and Environmental Project), lowering the cost of producing electricity and steam 9 | Management Discussion and Analysis of Business Operation for the year 2017
of the year 2017. The significant decreasing came from the reduction of the revenue construction works of renewable energy power plants projects in private sector according to industrial sector was