12,547 12,416 Gross profit margin (%) 22.84% 25.49% 26.48% Consolidated financial ratios 2018 2017 2016 Financial data and profitability ratios (continuous) Operating expense (include Research and

Research and Development) million baht 8,180 7,378 6,976 Operating expenses (including Research and Development) to sales (%) 16.00% 13.90% 14.17% Operating profit margin (%) 4.48% 8.94% 11.32% Other income

profits stand at 31.43%, down from 34.90% due to foreign exchange fluctuations and the increase in energy costs. Total expenses were Baht 1,990.21 million, decreased by 4.46% and net profits reported at

for the launch of the production automation under the scheme of “Delta Smart Manufacturing”. The company believes that it would benefit the company by enhancing energy saving and improving the

decrement was mainly from the competition in glassware market including Thai Baht appreciation against US dollar, and increment of energy price. The Company reported total expenses of Baht 2,083.11 million

12,416 12,811 Gross profit margin (%) 25.47% 26.48% 27.29% Consolidated financial ratios 2017 2016 2015 Financial data and profitability ratios (continuous) Operating expense (include Research and

construction sector. In April 2020, the Company received "2020 Thailand Waste-to-Energy Company of the Year" award from Frost & Sullivan, an international research and consulting firm. The award demonstrates our

innovation to create new business revenues or new S-Curve corresponding to the fast-moving environment of energy and electricity generation sectors and become an energy solution service provider of PTT Group

and irrigation agencies that had already been accelerated. State-owned enterprises' capital expenditure contracted in line with disbursements in energy and transportation investment projects. However

- Translation - Tender Offer for Securities (Form 247-4) Of Glow Energy Public Company Limited By Global Power Synergy Public Company Limited (The Tender Offeror) The Siam Commercial Bank Public