Biofuel Co., Ltd.) revenue soften due to a decline in average B100 product selling price; a result of the crude palm oil price drop. Sales volume rose from the previous quarter, from the government’s policy

to the rise in natural gas price. • Revenue of company’s Small Power Producers (SPP) rose due to the increase in sales of electricity and steam. This increase was mainly due to the increase in

increase came from net interest income which rose Baht 608 million, or 2.63 percent, due largely to interest income from repurchase agreement transactions. Net interest margin (NIM) was equal to 3.37 percent

December 2019 with installed capacity of 15 MW and 4.8 MW respectively. Although most of new projects started in the middle of the year, B.Grimm’s 2019 net profit rose by 33.6% to Baht 3,977 million while

revenues of the Company for year 2019 was 4,647.7 million baht or rose by 66.7 percent. Main contributions of unallocated revenues were dividend income from BDMS, reversal of accrued concession fee from

lower net profit. For the liquidity analysis, current ratio rose to 0.56 times. Debt to equity ratio improved to 0.84 times due to the repayment of long term debt. Debt service coverage ratio (DSCR

or 40% rose from the same period last year which mainly due to number of new hires and administrative expenses of Outrigger and Crossroads. Page 7 of 8 Singha Estate Public Company Limited Management

3.84 million were added into administration expenses, which rose from 2nd quarter of 2016 for THB 2.62 million. Financial Cost The financial cost for the 2nd quarter of 2017 was THB 0.67 million, which

purchase of Multi Sign and COMASS, 2) dividend payable of THB 21mn and 3) current portion of long-term loan from financial institution of THB 8mn. Total equity was THB 1,232mn rose by THB 74mn or 6.4%. This

business which rose significantly than that of Q3 2016. This was due to the fact that the 27 residences were transferred and recognized income in Q3 2017 as compared to only 2 residences transferred in Q3