affected from alternative energy development plan(AEDP). Moreover government recently announced that bought alternative energy with lower price, it caused decreasing investment. The revenue from sale

income 0.32 0.21% 1.39 0.90% 1.07 335.59% Total revenue 151.85 100.00% 155.28 100.00% 3.43 2.26% Cost of services 97.96 64.51% 103.25 66.49% 5.29 5.40% Gross profit 53.89 35.49% 52.03 33.51% (1.86) (3.45

169.47 49.05% Cost of rendering of services (228.29) (355.37) (127.08) 55.67% Gross profit 117.24 159.63 42.39 36.16% Other income 0.10 0.69 0.59 570.56% Services expenses (4.59) (6.83) (2.24) 48.74

follow: Note: The Company has adjusted the sales’ expenses to deduct and show the net amount in sales revenue resulting in a decrease in sales revenue and gross profit. As the for distribution cost, the

received the Top Innovative Organization Award 2018, which was arranged by National Innovation Agency (Public Organization), The Stock Exchange of Thailand (SET), Market for Alternative Investment (MAI) and

do foresee that this business will pick-up in Q4 and next year, even if the sector in general remains under stress, as our new pioneering flux product gains traction replacing imported alternative

electricity dispatched to Electricity Generating Authority of Thailand (EGAT) under the SPP – Firm contract. In addition, GPSC has managed to improve the profitability in 2017 as a result of efficient cost

and services 7,724.99 100.00% 6,431.56 100.00% 1,293.43 20.11% Cost of sales and services 7,681.74 99.44% 5,890.19 91.58% 1,791.55 30.42% Gross profit 43.25 0.56% 541.37 8.42% (498.12) -92.01% Other

addition, cost of service also increased in relevant to the opening of the projects. Moreover, financial cost decreased due to the prepayment fee from re-financing which recognized as expense total Baht 212

alternative for consumers. Consolidated Q1/ 2020 Q1/ 2019 Change Financial Statements (Million Baht) (%) (Million Baht) (%) (%) Revenue from Sales 1,110.0 100.0 % 1,280.3 100.0 % (13.3 %) Cost of Sales (808.1