) 3,530 2,048 1,482 72% For focusing on the operating performance, the impact of lease income was excluded from the analysis of the operation result. Page 7 Profit from operation of EGCO Group before FX

consolidation of Rabbit Group under the common control basis. 1Adjusted for share of investment in JV and associates before tax. 2As shown in financial statement, excluding minority interest. 3Net profit excluded

Net profit were excluded construction revenue under concession agreement and other income. For 9M/2017, East Water Group reported slightly lower profitability compared to the same period of 2016

Agreement of Baht 227.44 million (excluded VAT). The details are as follows: Details (Unit : Million Baht) Fair value of the right to sell the advertising time during the broadcasting of 254.79 Golf European

Debt to Equity ratio (time) 1.00 0.88 Debt Service Coverage ratio (DSCR) (time) 2.27 2.26 Note: 1) Gross profit and Net profit were excluded construction revenue under concession agreement and other

. Mr. Manu Leelanuwatana Chairman Director 2. Mrs. Punnee Worawuthichongsathit Independent Director Independent Director 10. Opinion by The Board of Directors The Board of Directors which excluded the

) (81%) For focusing on the operating performance, the impact of lease income were excluded from the analysis of the operation result. Page 6 The operating profit of EGCO Group before the effects of

Service Coverage ratio (DSCR) (time) 2.29 2.09 Note: 1) Gross profit and Net profit were excluded construction revenue under concession agreement and other income. In the first half of 2019, East Water

, the impact of lease income were excluded from the analysis of the operation result. Profit from operation of EGCO Group before the effects of foreign exchange, deferred income tax, impairment and lease

excluded Foreign Exchange Gain (Loss) IPP  3 IPPs Power Plants generated Baht 440.9 million of Normalized Share of Profit, a 14.2% decrease from 2Q2017, was mainly from additional revenue from business