Q1’2020 decreased 3.7% y-on-y to 3.13 Baht/kWh because the energy payment is generally adjusted to reflect changes in natural gas price which decreased 5.1% during the period. Electricity sales to

to 3.08 THB/kWh because the energy payment is generally adjusted to reflect changes in natural gas price which decreased 4.6% and 4.8% y-on-y respectively during the period. Electricity sales to

value that has been revalued to reflect the current market prices of raw materials, which some items were in downtrend and the significant appreciation of Baht, resulting in higher cost of goods sold. The

-depreciation and amortization was THB 147.5 million, decreased by THB 33.9 million, or 18.7% yoy, due to the change in useful lives of building and equipment of Dusit Thani Manila to reflect the real future

Q1’2019) because the energy payment is generally adjusted to reflect changes in natural gas price which rose in Q1’2019. Electricity sales to Industrial Users (IUs) – Thailand • Electricity sales to

materially cut down sales expenses from the previous year in alignment with the drop in sales revenue. Nevertheless, some of the sales expenses took time to adjust and did not fully reflect the slowdown in

which reflect cost of insurance services incurred from the new insurance subsidiary. Gross Profit The Company had a gross profit in consolidated financial statement the 3rd quarter of 2018 equal to 283.8

a net loss of Baht 22.06 million. The increasing of net profit by Baht 55.93 million reflect that the Company’s performance is improving, which conforms with the revenue incremental. Seven Utilities

net profit by Baht 21.75 million reflect that the Company’s performance is improving, which conforms with the revenue incremental. http://www.sevenup.co.th/ Seven Utilities and Power Public Co.,Ltd. 73

applied as mentioned above to the Company’s best ability to reflect the financial performance based on actual business events, which may differ from the financial statements reviewed and/or audited by the