-like basis. THB (mn) 3M 2019 3M 2020 YoY (%) Operating revenue 710 612 -13.7% Cost of sales 466 465 0.0% Gross profit 244 147 -39.9% SG&A 152 431 184.0% SG&A (excl. non-recurring expenses) 152 209 38.0

(mn) 2016 2017 YoY (%) Operating revenue 735 932 26.9% Cost of sales 330 390 18.1% Gross profit 405 542 34.1% Selling, general & administrative expenses 281 292 3.8% EBITDA 173 348 101.4% Net profit

-Term Service Agreement (LTSA) to achieve efficiency and reduce operating costs. In addition, the Company will also focus on increasing the efficiency of the procurement department, the cost management

the drop in natural gas cost and maintenance cost that varies to the operating hours. Consequently, the gross profit increase by Baht 18 million or 9% from Q2/2017. • Rayong Central Utilities Plant

, which is the main operating cost of the company’s power plants, in Q2/2017 the natural gas cost was Baht 3,645 million. The gas cost in Q2/2017 decreased from Q1/2017 by Baht 61 million or 2%. The main

in 2017, while Gross Profit from Operation was Baht 559.7 million, a 17.1% increase from Baht 477.9 million in 2017. The increase of both items was from increase Operating Revenue and lower Cost of

operating expenses of Baht 1,303 million which decreased by 17.9% from 2019. The main factors are as follows: - The main operating cost of the Company is Employee expense. In Q2/2020, this expense item of

competitive in both domestic and international markets, with low operating cost and wide range of products and services at fair prices; (2) Inclusive – Individuals, SME, and large corporates can appropriately

average industry growth trend from the Bank of Ayudhya research Cost of Sales Based on an average of 2017 - 2019 (Unit : Baht) 2017 Audited Statement 2018 Audit Statement 2019 Audited Statement Operating

. Other operating expenses fell Baht 471 million or 2.83 percent over-quarter. Given that the decrease in income was more pronounced than that of other operating expenses, our cost to income ratio rose to