million, decreasing from Q2/2018 that recognized net loss Baht 15 million, due to 1) sales shrinkage in CMG and domestic branded sales; 2) higher cost per unit as a result of lower utilization rate; 3

quarter of 2018. 2) Service & Administrative expenses was Bt66. 1 4 mn, represented 7.9% of total revenues from core business, which decreased from last period represented 8.4%, due to effective cost

was Bt270mn, represented 8.7% of total revenues from core business, which decreased from last period represented 8.9%, due to effective cost control. Profit 1) Gross profit in 2017 was Bt732mn, an

record high depreciation cost in full which did not correspond to such low utilization of production and machinery. The Company engaged independent engineering expert to inspect and appraise the assets and

, 24th Floor Rama IV Rd., Kwang Tungmahamek, Khet Sathorn, Bangkok 10120 Size : 692.50 square meters Period : 6 years the rental contract was retroactively effective from August 1st, 2019 to July 31st

retroactively effective from August 1st, 2019 to July 31st, 2025 Total Value and Criteria to Determine the Transaction Total value : 25,553,250 baht for 6 years which is 1.07 percent of Net Tangible Asset

been effective on 1 January 2020. Loss on impairment and disposal of assets foreclosed for the 1st Quarter ended 31 March 2020 increased 17.93% from Baht 55.36 million to Baht 65.29 million compared to

to IU - Thailand Baht/Ton 1,161.88 1,035.55 12.2% 1,185.75 -2.0% Effective gas cost Baht/mmBtu 281.52 237.21 18.7% 278.60 1.0% B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis

production process more efficient as a result of good cooperation from customers, partners and employees in communicating information to make advance planning that makes cost effective. 3. The consolidated net

Financial Reporting Standard No. 15 (Revised) : Revenue from Contracts with Customers, effective 1 January 2019 has impacted on the Company and its subsidiaries’ financial statement as follows : o Brand