relatively low gross margins of the projects delivered in Q2-2017, while the gross margin in Q1-2017 was so high that the change rate of profit for this period was not in line with the change rate of its

within December 2017. Industry Overview In term of the retail industry in 3Q17, there has been constant low growth from the previous quarter due to the weakness in buying power especially for low-income

the year ended 31 March 2019 Ratio 2018 Ratio Increase / (Decrease) Amount Ratio Service revenue 480.92 100% 385.75 100% 95.17 24.67 Other income 2.06 0.43% 1.43 0.37% 0.63 44.08 Cost of service 404.10

country’s total biodiesel production capacity, consequently, there was price competition of B100; together with glycerin price in global market decreased and crude palm oil price remained low. 4. Finance Cost

global market decreased and crude palm oil price remained low. 4. Finance Cost decreased Baht 5.16 million or 24.54% from the corresponding period of the previous year due to a decrease in liabilities. 5

sales during the first 6-month period of 2020. Cost of Sales and Gross Profit For the 6-month period ending on 30 June of 2019 – 2020, the Company’s costs of sales were THB 2,270.98 million and THB

decrease in finance cost was due to the ability to maintain low financial cost as well as the Company’s policy is to manage liquidity risk and interest rates fluctuation risk by mainly locking in long-term

) (3.55%) Construction revenue under Concession Agreements(1) 10.80 148.34 137.55 1,274.15% Costs of Sales and Services 1,066.80 1,123.39 56.59 5.30% Raw water cost 583.00 492.40 (90.60) (15.54%) Tap water

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

the low-income citizens to stimulate near-term consumption. Meanwhile, internal and external factors that affect the Thai economy are the slowing global economy growth, the inconclusive trade war