planned reflected stable growth from both volume and price  Share of Profit (Power Business) increased 241.1% YoY from 2Q2016 and 173.5% QoQ from 1Q2017 to record at Baht 685.9 million: 2 - GHECO-One back

from last year. Revenue from sales decreased 1.66 percent due to the effect of Thai Baht appreciation and sale price declining, even though sale volume and proportion of sale in CNF incoterm increased

flow position because debt services declined follow with Availability Payment. For SPP business, total sale volume of 8 SPPs continue to grow but the negative impact from a planned maintenance shutdown

competitiveness in the international market; the collection criteria would be simplified in appropriate proportion to the business size and volume of each type of intermediaries. In any case, minimum and maximum

January 2020 with y-on-y stable volume. Furthermore, there are new clients who already signed PPAs with total size of 23 MW scheduled for synchronization to the company’s power plants during the first seven

of 2017 WHAUP completed our 2017 at record-high result with a Net Income of Baht 1,980.9 million, 436.1% increase from 2016. 1. RESULTS OF OPERATION FOR 2017 Consolidated Financial Statements 2016 2017

were not recognized as sales revenue this quarter in accordance with relevant incoterms. The Y-o-Y decrease in revenue was due mainly to a 13% decrease in sales volume (Table 4) and due to the

Revenue was attributable to growth of industrial water’s sales volume mainly from newly Commercial Operation Date (“COD”) of 2 SPPs (GNLL2 and other SPP), existing customers and new IEs customers. In this

a customer, and the reclassification of fixed costs at the new factory which incurred as a result of lower-than-normal production capacity. Sales volume (Ton) - Euro 1,377 2,146 55.85% - United States

, while consignment usage was lower at Bt760 million (Table 3). The Y-o-Y decrease in revenue was due mainly to a 14.8% decrease in sales volume (Table 4), and due partly to the strengthening of the Thai