has shown consistency in the sales of both electricity and steam to industrial users when comparing to the previous quarter showing the ability and capability of both companies to operate stably

positive same-store-sales growth during 2017 and (3) the increased sales of raw material to franchisees. Franchise fees income increased from THB 15.1 Mn in 2016 to THB 56.5 Mn in 2017, an increase of THB

substitution by Automation. Substitution. For production costs, it was as value as last year, due to businesses made forward contracts with material source, and imported raw material and goods were lower value

period of last year which cost of sales and services amount of Baht 1,347.49 million or 84.27 percent of its revenue from sales and services due to lower raw material costs movies from the purchase of raw

which cost of sales and services amount of Baht 311.49 million or 86.94 percent of its revenue from sales and services due to lower raw material costs movies from the purchase of raw materials from

394.30 million or 86.28 percent. Due to lower raw material costs movies from the purchase of raw materials from suppliers directly. 3. The company’s selling and administrative expense for this year in the

99.99 percent of total share. SQL operates the business of manufacture and distributor which has 2 Lime Kiln. The Company will acquire 2 Lime Kiln and the raw material from SQL, including asset

risks, has set the policy determined especially in raw material procurement procedures. The Company attempt to maintain a faster inventory turnover, where raw material (CPO) and product (Biodiesel) were

19,968 22,644 13.4% Steam sales 420 397 -5.5% Others 303 678 123.8% Sales and services income 20,691 23,720 14.6% 3 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis Electricity

capital. PPTC Company Limited ("PPTC") is a Small Power Producer of Cogeneration Power Plant with a approximate maximum capacity of 120 MW and approximate maximum steam production capacity of 30 tons per