success factors of this business depend on the inventory management, the logistic systems that meet the clients’ needs in time, cost of capital, receivables management and sales revenue. Due to this

capital. The key success factors of this business depend on the inventory management, the logistic systems that meet the clients’ needs in time, cost of capital, receivables management and sales revenue

from the last year because of inventory management and effective manufacturing cost control. 3. Gross profit margin was 3.56% of Revenue from sale and service, increased from last year that gross profit

. The key success factors of this business depend on the inventory management, the logistic systems that meet the clients’ needs in time, cost of capital, receivables management and sales revenue. Due to

may not always tally with consolidated financials due to holding segment. 3Core EBITDA is Reported EBITDA less Inventory gains/(losses). 4Core Net Profit is Reported Net Profit less Inventory gains

period of 2019. That the gross profit margin was 13.45% increased from 7.97% of the previous year. Due to the efficiency of Inventory management and production cost. 3. Selling expenses was Baht 39.98

Industrial Users (IU) 1.1 1.4 1.2 (14.3%) 9.1% 4.0 3.7 (7.5%) Sales of steam (IU) 1.8 2.9 1.1 (62.1%) (38.9%) 11.1 6.5 (41.4%) Sales from Natural Gas Power Plant 462.0 466.9 507.7 8.7% 9.9% 1,429.3 1,396.9

1.9 0.8 72.7% 13.3 8.4 (4.9) (36.8%) Sales from Natural Gas Power Plant 422.3 466.9 507.7 568.3 60.6 11.9% 1,814.5 1,965.2 150.7 8.3% Sales of electricity - FiT, base tariff and Ft 70.1 72.2 59.5 74.1

commission and sales promotion according to inventory selling policy. - Administrative Expenses in 2019 amounted 958.38 million baht increased by 260.45 million baht or 37.32% compared to 697.93 million baht

India and the appreciation of THB against USD together with the weaken of demand in electronics component market impact to the inventory revaluation. As a results of the above reasons, Q3’19 gross margin