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

ability to reflect the financial performance based on actual business events, which may differ from the financial statements reviewed and/or audited by the auditors authorized by the Securities and Exchange

/2020, the Company has a net profit of Baht 112.70 million, while quarter 3/2019, the Company had a net profit of Baht 100.34 million. The increasing of net profit by Baht 12.36 million reflect that the

year, to reflect the slowdown in sales due to the COVID-19 pandemic which resulted in the closures of many points of sales between March and May. Some of the expenses, however, were less elastic to sales

contained herein are subject to change without notice. None of the Company nor any of its subsidiaries accepts any obligation to update or otherwise revise any such information to reflect information that