gas-fired combined cycle cogeneration power that commenced COD on February 1, 2018. It has an installed capacity of 133 MW and sells electricity to EGAT 90 MW under a 25-year PPA. The Project was able

full3scale business. As a result, administrative expenses was higher than the same quarter in 2016 at Baht 8.72 million. 2. Finance cost The finance cost of Mana Patanakarn Co., Ltd. was interest expenses that

) (104.57) Cost of sales electricity (38.76) (38.53) Cost of sales and services (3.61) (1.13) Operating and administrative expenses (41.71) (36.19) Loss on exchange rate - (12.49) Finance costs (31.85) (16.23

Premium 19.6 14.6 (5.0) (25.5%) Sales of electricity to Industrial Users (IU) 6.8 9.3 2.5 36.8% Sales from Biomass Power Plants 833.1 875.1 42.0 5.0% Revenue from finance lease under a Power Purchase

before Interest, Taxes, Depreciation and Amortization EDL = Electricite Du Laos EGAT = Electricity Generating Authority of Thailand ERC = Energy Regulatory Commission EPC = Engineering, Procurement and

PEA tariff of which Ft is a major component. With situation of a stable gas price this year if Ft trends is continuous to increase, it would be favorable to our operating margin, i.e. electricity sales

electricity 92.22 91.50 - - 92.22 91.50 Revenue from sales and services 3.45 4.75 503.81 1,212.78 507.26 1,217.53 Other income 13.99 31.08 27.47 31.69 41.46 62.77 EXPENSES (104.58) (110.66) (525.03) (1,160.37

finance cost and income tax expenses 23.92 42.91 20.48 37.90 (3.44) (14.38) Finance cost 4.37 7.84 4.34 8.03 (0.03) (0.69) Profit before income tax expenses 19.55 35.07 16.14 29.87 (3.41) (17.44) Income tax

subsidiaries (“the Group”) as follow: * Extraordinary items from non-operating, consists of unrealized gain (loss) on exchange rate of receivable under finance lease and gain (loss) on forward contracts

) successfully started commercial operation in October 2018. Therefore, total installed capacity of 3 SPP power plants which started commercial operation in 2018 is 399 MW which sell electricity to EGAT at 270 MW