more fixed expenses. As the result, the change rate in total operating expenses is similar. In terms of the profit of the Company for Q1–2020, it has a lower change rate than the change rate in revenue
be covered the operating expenses, especially fixed expenses. As the result, the change in the profit of Q3–2020 was higher than the change in revenue. -2- Operating Results and Capabilities to Make
PERFORMANCE 7 Q1’2017 Q1’2018 % change Q4’2017 Q1’2018 % change million Baht million Baht y-on-y million Baht million Baht q-on-q Other revenues 11 22 100.0% 112 22 -80.4% Share of profit (loss) of associates
: Baht Million) 2018 2017 % Change Profit (loss) from operating activities before changes in operating assets and liabilities (2) 559 -100% Profit (loss) from changes in operating assets and liabilities
liabilities under financial lease agreements. Cash Flow (Unit: Baht Million) 2017 2016 % Change Profit (loss) from operating activities before changes in operating assets and liabilities 559 935 -40% Profit
) from financial instruments 102.5 64.2 38.3 59.7 - Profit (loss) from change of fair value of investments (unrealized) 0.1 1.4 (1.3) n/a - Profit (loss) from sale of investments (realized) (1.6) 0.6 (2.2
43.7 27.8 15.9 57.2 Solar Energy Power Plants 1.4 (0.5) 1.9 N.A. (>100) Gross Profit by Segment 427.9 354.5 73.4 20.7 Change % Gross Profit % % % Biomass Power Plants 36.3 29.7 6.6 Natural Gas Power
43.7 27.8 15.9 57.2 Solar Energy Power Plants 1.4 (0.5) 1.9 N.A. (>100) Gross Profit by Segment 427.9 354.5 73.4 20.7 Change % Gross Profit % % % Biomass Power Plants 36.3 29.7 6.6 Natural Gas Power
Investments 3Q'19 3Q'18 % YTD YTD % Change 2019 2018 Change Share of Profit from Investments 418.5 547.3 -23.5% 1,510.4 1,453.4 3.9% - Utilities Business 0.1 - N/A 0.1 - N/A - Power Business 418.4 547.3 -23.6
expansion and the inclusion of administrative expenses of the new power plants. 7 2.3) Non-operating items 6M'2016 6M'2017 change million Baht million Baht % Share of profit (loss) of associates and JV 102