the associate and joint venture valued profit Baht 10.76 million when comparing to the last year with loss Baht 0.87 million. This sharing of gain (loss) has come from the investment in energy business
% 7.69% Even though the total revenue decreased compared to the previous year, the net profit margins are improving as a result of the gain from foreign exchange in the 3-month period ended 31 March 2020
investments in associates and JVs /3 Excluding FX impact and one-time gain/(loss) items During 2018, the Company had reported net profit of THB 2,906.8 mm, which decreased by THB 359.6 mm or 11.0%, compared to
investments in joint ventures (37.87) - - - (37.87) - Finance costs (101.22) (76.74) - - (101.22) (76.74) SHARE OF LOSS OF INVESTMENT IN JOINT VENTURES ON EQUITY METHOD (2.62) (11.51) - - (2.62) (11.51) GAIN
% Share of profit on investment in associated 73.73 160.10 (86.37) (53.95) Results of Operations 37.76 76.31 (38.55) (50.52) Gain (loss) on exchange rates 35.97 83.79 (47.82) (57.07) Income tax expenses
Associates 2,046.4 1,778.7 (13.1%) - Normalized Share of Profit from Investments in Power Associates/2 1,510.6 1,441.2 (4.6%) - FX Gain (Loss) 55.4 337.5 509.3% - Write Off Tax (71.2) 0.0 (100.0%) - Adjustment
JVs /3 Excluding FX impact and one-time gain/(loss) items In the first quarter of 2019, the Company had the net profit of THB 406.6 mm, which decreased by THB 373.3 mm or 47.9%, compared to the same
exchange gain/loss on loans in foreign currency. 5. Share of profit from investment in associates decrease by 70.3 million Baht or 28.7 %, due to following reason 5.1 The JV experience higher cost of raw
holders (Exclude Gain (Loss) on exchange rate) 299 281 18 6.5% Net profit (loss) attributable to equity holders Margin (%) (Exclude Gain (Loss) on exchange rate) 4.1% 4.5% -0.4% EBITDA 887 828 58 7.0% 99
risk when purchasing solar cell and equipment from abroad for installation of solar rooftop with aim to prevent loss or gain from foreign exchange rate as it may result in profit inconsistency Selling