decrease of 9.2% from 2018 and 4.4% from 2017 respectively. The Debt to Equity ratio of 0.40 times in 2019, a drop from 0.42 in 2018 and 2017, is at a level signifying reasonable capital structure and low

Sriracha Power Plant does not caused the decrease in gross profit while the drop in revenue of IRPC-CP Phase 1 slightly decreased the gross profit. The gross profit decreased by Baht 57 million or 5% from Q2

/19”) sales revenue of Baht 3,199.32 million. The drop in sales revenue was mainly as a result of significant drop in Total Industry Volume (“TIV”) and Total Industry Production (“TIP”) for Thailand

1,500 10.9 658 4.7 (72.7) (37.8) Net profit 618 5.0 1,680 12.3 868 6.2 (63.2) (28.8) EPS (Baht) 0.50 1.35 0.70 Sales revenues and service income of this quarter amounting to Baht 12,404 million, 9.6% drop

., Ltd. (“WCIG”) decrease from last year because the company changed in business model from company owned to franchise model since 2017. In addition, due to highly competitive (both direct and indirect

compared to +1.1% in FY19. Cost & Expense Cost of service for 2020 was Bt81,641mn, flat YoY from decrease in regulatory fee and prepaid commission following revenue decline offset by higher network OPEX

whereas decrease by THB 31 million or 9% in services revenue from beauty business compared to last period. This is because one time order from the customer to be incurred during the Q1/17 whereas decreasing

a higher overall SG&A cost up 7.0% versus the same period in 2016. A decrease in trading activities and one time effects also contributed to the drop in EBITDA. However, on the positive side the

. Explanation for such decrease due to drop in sales as provided in Section 1 above. Please be informed accordingly. Yours sincerely, Mr. Hamidi Bin Maulod Chief Executive Officer

transportation and logistics cost which drop by THB 23 million which aligning to the decrease in export sales of energy drinks to China Afghanistan and Yemen. Administrative expenses amounted to THB 210 million