-term loan repayment that caused decrease in interest expense. As a result, cost of goods sold and expenses on 1st quarter of 2020 increased 6.48 percent from the same period of last year. 1.3 Profit

, according to the details as follows : Operating results for 3rd quarter, 2020 The company could posted net loss of Baht 232.95 million, compared to the net profit of Baht 81.83 million from the same period

million or 32.51% when compared to that of Baht 33.87 million in the third quarter of the year 2018. 3. Operating Profit The operating profit of the Company and its subsidiary for the third quarter of the

1 Ref: CIG024/2019 November 12, 2019 Subject: Profit and loss reporting for the third quarter of 2019 and explanation of more than 20 percent fluctuation in profit and loss compared to that of last

trading business. • Overall gross profit margin increased from (3.4%) to 11.6% amount Baht 67 million. 2019 2018 Revenue 466 383 83 22% Cost 412 396 Gross profit 54 (13) 67 -515% Gross profit margin 11.6

year mainly due to: 1.1) Revenue from selling of electricity increase 23.91 million baht or 100% due to the Company recognized revenue from Saraburi Solar Farm Project. 1.2) Revenue from Sales decrease

required Debt to Equity ratio due to the MRTA is fully responsible for the loan repayment according to the concession agreement. Overview Operational Results In the year 2017, the Company had the net profit

rf or m an ce Revenues 2,752 3,928 Gross Profit (Loss) (83) 123 Net Profit (Loss) (179) (72) H R C HRC Sales (k tons) 184 197 HRC Production Volume (k tons) 170 204 HRC Average Selling Price (THB./ton

Gross (loss) profit 71.1 3.9 (12.1) (4.0) 83.2 687.6 Selling expenses (37.9) (2.1) (9.5) (3.1) 28.4 298.9 Administrative expenses (62.2) (3.4) (9.7) (3.2) 52.5 541.2 Finance costs 0.3 0.0 - - 0.3 100.0

146.47% Profit before income tax expenses 42.67 111.79 (69.11) -61.83% Income tax expenses (revenues) 1.27 0.58 0.69 119.50% Profit for the year 41.40 111.21 (69.81) -62.77% Unrealised gain on revaluation