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Q1’2018, primarily due to a decrease in SG&A expense which is higher during the year end. COST STRUCTURE FINANCIAL PERFORMANCE 6 Q1’2017 Q1’2018 % change Q4’2017 Q1’2018 % change million Baht million Baht y
62.5% 1,155.6% Unrealized gain / (loss) from FX 425 (201) n/a 245 (886) 685 179.6% n/a Non-recurring expense (151) (219) n/a (119) (113) n/a n/a n/a Normalized net profit (NNP)** 1,600 2,260 41.3% 913
equity method -0.2 0.0% -0.3 -0.1% -0.2 101.9% Profit (loss) before income tax expense -57.5 -8.9% 29.9 4.9% 87.4 - Tax expense (income) -13.3 -2.1% 1.4 0.2% 14.7 - Profit (loss) for the year -44.2 -6.9
region of Thailand with feed-in tariff structure of 5.66 baht per KWh. The project has reached COD in December 2015 and will operate until December 2040. We expect to consolidate BGYSP’s financial
and new customers. We have always been monitoring and analyzing IU volumes closely. Proactive cost saving plans were implemented with potential expense savings of THB 34 million by extending useful life
decrease is the came from better management to compact the organization structure and continuous focus on reduction of expense of the company. 5. Management benefit expenses For Quarter2 of the year 2019
revenues , decreased by 0.54 million baht or 4.38% decreased. This decrease is the result from a better control of expense thus the compact of the restructuring of the organization structure. 5. Management
amount to Baht 0.09 million. The Company’s financial structure was in the strength level and cash flow could be managed effectively, hence there was no interest paid from loan agreement but there was