transferring to customers. Hence, this commitment is reasonable and find a purpose the best benefits of us. The rental rates unchanged. This makes the expense of the same. Please be acknowledged for your

reduce in value, although the net profits remain unchanged. Revenue from Sales The company has revenue from sales in the third quarter in the amount of 1,267.6 million Baht decreased by 12.8 percent

/2019 (3.43%). • The selling expenses of Q1/2020 is much lower due to cutting of unnecessary expenses. However, the administration expenses are almost unchanged because of fixed expenses such as salaries

patients. Administrative Expenses Administrative expenses were unchanged yoy. Earnings before interest, taxes and depreciation (“EBITDA”) EBITDA (not included other income) deteriorated by both in term of

a period-on-period basis was attributable to the Company has some fixed costs that unchanged irrespective of the revenue. Other Income The other income amounted to Baht 11.43 million and Baht 10.74

Baht appreciation during 6M/2018 relative to 6M/2017.  EBITDA margin was slightly lower to 26.9% in Q2’2018 because selling price per unit to IUs remain unchanged, while gas cost is higher. Normalized

in gas cost from unchanged of Ft and more planed maintenance during Q3’2018 relative to Q2’2018. Normalized net profit (NNP) • NNP increased 12.8% y-on-y from Baht 2,346 million in 9M’2017 to Baht

valuation? If there is a discrepancy between a company’s book value and its market value, which are the (non-financial) factors contributing to this discrepancy? 2. How are these non-financial factors

, respectively. In 4Q’18, the company’s gross margin almost unchanged yoy. For year 2018, gross margin was 31% higher than 30% of year 2017. The improvement in gross margin was contributed by more revenue portion

15% and 14% yoy, respectively. In 2Q’18, the company’s gross margin was 28% of revenue in line with previous year. The unchanged gross margin of 2Q’18 was due to high revenue base of 2Q’17 following