Heat and Power Producing Company Limited (CHPP), despite the increased in overall cost of goods and services. In order to acquire shares of Glow Energy Public Company Limited (“GLOW”), the company had

, following the slowdown in domestic consumption which reflected in sluggish spending in fast moving consumer goods (FMCG). Proportion of each market segment and growth of domestic RTD fruit juice market is as

of goods and rendering of services of ISP1 significantly dropped. The gross profit of the company increased mainly due to: • Independent Power Producer (IPP) (Sriracha Power Plant): The gross profit

decreased by 4%. • Very Small Power Producer (VSPP) and other: The gross profit decreased by Baht 11 million mainly due to the increased in the cost of goods sold and rendering service from maintenance cost

. PPA Amortization Accounting impact Net Income consolidated PAGE 9PAGE 9 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q3 2019 Operating Revenue Cost of Sales of Goods and Rendering of Services (Exclude

) Customer – Most of NDR in Thailand and Malaysia respectively. FKRMM has 4 warehouses to distribute goods to more than 79 distributors in Malaysia. Therefore, this business acquisition is the opportunity of

similar characteristics of customers, it shows that both NDR and FKRMM are specialized and expertise in marketing for such customers. FKRMM has 4 warehouses to distribute goods to more than 79 distributors

10.06% as compared to 2016. However, higher proportion of cost of sales to net revenues from sales increased from 48.69% to 49.08% as a result of increasing prices of goods and raw materials including

due to the effect of an annual selling price adjustment, a change in foreign currency exchange rate and an increase in the cost of goods sold resulting from a continuously high cost of raw materials

increasing in cost of goods sold of 36% and increasing in selling expenses of 10% Financial results of 3-month ended period Unit: million baht for 3-month period ended March Detail 2018 2017 diff % Total