2016 2017 DW Trading Value (Mil. THB) Index DW Trading Value (Mil. THB) Recall: Option price consists of 2 components. Intrinsic value + Time (betting) value 5 Factor Calls Puts Note Asset price (S
increased mainly from increase in revenue greater than cost. The cost of fuel material, natural gas which is the main production cost, increased from both the consumption and the average gas price, resulting
increased mainly from increase in revenue greater than cost. The cost of fuel material, natural gas which is the main production cost, increased from both the consumption and the average gas price, resulting
increasing in fuel material cost from increase in natural gas price, thus sales in the portion of natural gas power plant electric power formula also increase in line with the fuel material cost of natural gas
of cost of goods sold so cause gross loss. Total revenue decreased due to the decrease of sale volume and selling price. Sale volume decrease cause by production volume decrease. Both company and
Sales revenue 182.58 137.93 44.65 32.37% Other incomes 3.14 0.52 2.62 503.85% Total revenues 185.72 138.45 47.27 34.14% Cost of sales 79.72 51.72 28 54.14% Selling expenses 58.78 36.79 21.99 59.77
15.37 598.01 21.96 225.22 16.79 373.42 183.11 Financing cost 13.40 0.49 39.09 2.95 27.07 0.99 53.90 4.02 (25.69) (65.72) Profit before income tax expense 563.95 20.82 164.84 12.42 570.94 20.97 171.32
& income tax expense (26.12 ) (94.80 ) 68.68 0.72 finance cost 36.12 22.30 13.82 0.62 Profit (loss) before income tax expense (62.24 ) (117.10 ) 54.86 0.47 Tax income (expense) - - - N/A Profit (loss) for
margin decreased 5% from Q1/2018, because of the growth rate of natural gas price and the rise in finance cost from interest payment and short-term loan financing fee related to the acquisition of GLOW
-37.78% Total Income 936.78 100.00% 537.52 100.0% 399.26 74.28% Expense Cost of sales 746.55 79.69% 326.94 60.8% 419.61 128.34% Selling expenses 51.52 5.50% 57.61 10.7% -6.09 -10.57% Administrative