subsidiary held 99.99 percent by the Company. At the present, SAFE could gain profit from biomass power plant project with installation capacity 7.5 MW of Prize of Wood Green Energy at Narathiwas Province
) which is held 33.37 percent of total shares by ECF Power Company Limited (ECF-P) and ECF-P is the subsidiary held 99.99 percent by the Company. At the present, SAFE could gain profit from biomass power
details as follows; 1. SAFE Energy Holdings Company Limited (SAFE) that ECF Power Company Limited (ECF-P), as the subsidiary of the Company, holds 33.37 percent of total shares of SAFE. At the present SAFE
) Financial Cost 7 7 - Net Profit 23 45 (49) (Unit : Million Baht) Financial statements in which equity method is applied Q1/2018 Q1/2017 % Change Sales and Service Income 467 461 1 Cost of sales and Services
year were as highlighted below; (Unit : Million Baht) Separate financial statements Q2/2018 Q2/2017 % Change Sales 469 521 (10) Gross Profit Margin 379 396 (4) Selling and Administrative Expenses 54 51 6
and Administrative Expenses 244.45 197.78 +23.60 Financial Cost 30.80 34.60 -11.00 Net Profit 189.79 287.27 -33.93 (Unit : Million Baht) Financial statements in which equity method is applied 2017 2016
100% in SAFE Biomass Co., Ltd. In the three-month period ended 30 September 2018, the Company recognized the profit from investment in joint venture of Baht 1.3 million. 2. FORTUNE-PARTS INDUSTRY
., Ltd., and 100% in SAFE Biomass Co., Ltd. For the period ended 31 December 2018, the Company recognized the profit from investment in joint venture of Baht 6.83 million. 2. FORTUNE-PARTS INDUSTRY ECUADOR
invests 99.99% in PWGE, 49% in Bina Puri Power (Thailand) Co., Ltd., and 100% in SAFE Biomass Co., Ltd. For the period ended 31 December 2019, the Company recognized the profit from investment in joint
., Ltd., and 100% in SAFE Biomass Co., Ltd. For the three-month period ended 31 March 2019, the Company recognized the profit from investment in joint venture of Baht 4 million. 2. FORTUNE-PARTS INDUSTRY