for BGYSP earnings contribution from equity method to consolidation method after raising stake from 49% to 100% in Q3’2018 and 2) lower profits at our associate namely ABPIF. • Share of profit from

% 112.68 99.26 14% Earnings before interest tax and deprecation 114.01 80.11 42% 270.02 218.00 24% % Earnings before interest tax and deprecation 29% 25% 4% 26% 24% 2% Other income /(expenses) 5.00 2.84 76

% 986.58 876.62 13% Gross margin 108.76 79.99 36% 417.39 332.84 25% % Gross margin 30% 25% 4% 30% 28% 2% Administrative expenses 40.51 38.10 6% 153.19 137.37 12% Earnings before interest, taxes and

, but due to low utilizing production rate causing higher in factory overhead cost. That is the reason why our cost of goods sold of Q1/2020 is a little bit lower than Q1/2019 (1.92%) but higher than Q4

Equity Coverage Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) 1 of 10 Performance Overview Growth continued both revenue and net profits, attributed to efficient

growth from baht appreciation and world-trade sluggish. However, the Thai economy is attributed mainly by number of factors, namely 1.) growth in private consumption continues despite a lower rate of

gross profit for Small Power Producer (SPP) increased as a result of the lower natural gas and coal price, following the world crude oil price. In addition, the maintenance cost fell as there were no

due to lower outstanding debt and higher retained earnings. In 3Q17, finance costs amounted to THB 97 mn, a decrease of 37.3% YoY and 4.9% QoQ. A weighted average cost of debt in 3Q17 was 2.67% per

, decreased by Baht 153 million or 15% from Q2/2018. The drop was due to the rise in natural gas prices while Fuel tariff (Ft) rate remained constant; therefore, the gross profits of Rayong Central Utility

) lower profits at our associate named ABPIF and 3) lower profits at our associate named BGSENA as there was a deferred financing fee write-off from refinancing in the amount of Baht 9 million in May 2019