million 4.10 2. The operation results (from the consolidated finance statements) Item Second quarter of 2019 Second quarter of 2018 Profit (Loss) for three months attributable to equity holders of the

Baht 5.79 million 11.25 2. The operation results (from the consolidated finance statements) Item Third quarter of 2019 Third quarter of 2018 Profit (Loss) for three months attributable to equity holders

วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 016/2019/EN 14 August 2019 Subject : Clarification of Q2/2019 the total revenues and the Net profit change more than 20% To : The President of the Stock

to maintain profitability through effective marketing to boost sales, while increasing efficiency in the management of raw material costs and other expenses. Nonetheless, from the aforementioned

the one- time expense, normalized EBITDA in 2Q19 was Bt19,753mn, increasing 4% YoY and 4. 5% QoQ, while normalized net profit was Bt8,234mn, increasing 2.9% YoY and 8. 1% QoQ. In conclusion for 1H19

selling expense to increase, 1Q2020 net profit reported at THB 335M or still increased by 14% YoY because of other income representing THB 423m recognized as a gain from selling share of SHR’s subsidiary

Management Discussion & Analysis (MD&A) Q1/2018 Executive Summary Executive Summary 1 For Q1/2018, Global Power Synergy Public Company Limited (GPSC) (“the company”) had a net profit of Baht 922 million

that, according to the Financial Statements for the 3 months Q3/2017 period, as ended on September 30, 2017, the Company and Subsidiary Companies achieved Total Net Profit of Baht 368.5 million, an

to mid-single digit decline. EBITDA (pre- TFRS16) stood at Bt76,619mn, decreased –2. 7% YoY with focusing on cost control and in- line with low single digit decline EBITDA guidance. Net profit ( pre

)% Fibers 51 59 52 (3)% 200 212 (6)% Feedstock 154 114 87 76% 476 217 120% Core EBIT 198 155 135 46% 613 410 49% Core Net Profit after Tax and NCI (US$ M) 137 110 82 68% 416 242 72% Core Net Profit after Tax