) Proportion of cost of sales to sales revenue (%) 32.48 32.37 Gross Profit Margin (%) 67.52 67.63 Note: /1 Other costs of goods sold mainly comprise warehouse rentals, utility charges and other expenses related
sold mainly comprise warehouse rentals, utility charges and other expenses related to production. Gross Profit Gross profit for the three months ended 31 March 2019 and 2020 were THB 148.19 million and
Baht 87 million. This was due to the maintenance shutdown as planned for 10 days, the decrease in finance leases and the gross profit of GHECO-One Power Plant decreased by Baht 76 million due to the
measurement of financial assets and financial liabilities, impairment of financial assets and general hedge accounting as well as leases standard (TFRS 16). However, the Company has not restated the comparative
space expansion, and increase in staff cost, partially offset by lower FX loss. Interest Expense Increase in interest expense was mainly a result of the adoption of TFRS16 Leases this year. T.662 636 6999
Company will execute a Share Subscription Agreement with conditions precedent and Loan Agreement with conditions precedent in respect of the Transaction (collectively, the “Agreements”) with SGAH. The
“Agreements”) with SGAH. The Company expects to complete the investment in SGAH within the second quarter of 2017 after all conditions precedent specified in the relevant Agreements are fulfilled or waived and
1 Note: 1) Revenue and Cost that were recognized when there is construction under concession agreements for tap water according to accounting standard TFRIC12 1. ANALYSIS OF FINANCIAL PERFORMANCE For