installed capacity of 20.1 MW, and sells electricity to EDL under a 25-year PPA. The Project was able to achieve commercial operation on July 30, 2017 as scheduled in PPA, and the construction cost is in line

29.40 million or an increase of 13.20 percent from the same period of previous year, due to effective management of production cost and selling expenses. (2) Analysis of Operating Results and

included in the net profit of previous year, the net profit would increase by Baht 29.07 million or an increase of 9.70 percent from the same period of previous year, due to effective management of

the internationally known ISQC1, together with the periodic analysis of root causes and the effective execution of remediation plans for any deficiencies identified by the quality control system. As

to IU - Thailand Baht/Ton 1,161.88 1,035.55 12.2% 1,185.75 -2.0% Effective gas cost Baht/mmBtu 281.52 237.21 18.7% 278.60 1.0% B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis

quarterly sales to Myanmar in 1Q/2018 as the local trade partners expanded their distribution coverage as well as adopted effective promotion campaigns in relation to the Group’s official football sponsorship

attitude to become a responsible citizen along with raising awareness on life cycle financial planning among general public, particularly teenagers and working aged persons. The program runs in four parts

% respectively, while international business grew at 7.3% at constant FX. Q4’19 Revenue from sales were at THB 6,621 million (+4.6% YoY). - Fit Fast Firm project (OSP’s cost saving program) successfully delivered

Period (Day) 58 58 66 CASH CYCLE (Day) 9 14 18 PROFITABILITY RATIO Gross Profit Margin (%) 8.57 7.82 10.37 Net Profit Margin (%) 4.61 3.56 5.94 Return on Equity (%) 6.03 5.01 8.05 EFFICIENCY RATIO Return

December), the Company had production not only full capacity during the off-peak period (the period where electricity cost is cheaper), but also extended some operated hours to on-peak period in order to