decrease in corporate income tax expenses. Meanwhile, electricity revenue and cost of sales were decreased because lower electricity sales and fuel costs unit price, comparing to the same period of the

margin fell to 1.7% (1Q 2019; 9.0%) • Reported net loss of THB 807mn (down 238% YoY), from the aforementioned lower EBITDA as well as higher share of loss from joint ventures and higher depreciation and

Company’s gross profit margin significantly decreased from 43% in 1Q2019 to 41% in 1Q2020. The lower gross profit margin attributed to revenue mix which is less contribution from revenue from residential

the record of net loss of THB 9mn, a decrease of 103.3% YoY. Excluding the one-time expenses, the Company recorded Net Profit from operation of THB 171mn, a decrease of 34.2% YoY. The lower-than

that in the same period of the previous year due to lower wind speed. (3) Revenue from sales of RCO increased due to the acquisition on October 1, 2019. Management Discussion and Analysis For the Three

last year. Essentially, the Company’s gross profit margin slightly increased to 44% in 2Q20 from 42% in 2Q19. In 1H20, gross profit was reported at THB 1,315m, 43% dip YoY. The lower gross profit with

, decreased in amount of 12.0 million Baht or 33.3 percent. Real estate revenue was lower than last year due to the economic downturn resulting in the company postponing the new project development plan which

THB -75.0 Mn compared to the same period in 2019. The main reason for the lower cash flow was the decrease in net profit which decreased THB -76.3 Mn year-on-year. Other notable cash flow changes were

58.02 million and the trade accounts receivable which was overdue by lower 6 months has been collected in total of THB 67.28 million (up to 13 May 2020). Although the balance of trade accounts receivable

5.42%. The Company has determined the cost of by- products according to the market selling prices since 2nd quarter of 2019, before March 2020 the market selling price was decreased to lower than cost of