creates or enhances an asset or work in progress that the customer controls as the asset is created or enhanced, and hence revenue is recognised over time by reference to the progress towards completing the

margin of the projects delivered in Q1–2018 was lower than those in Q1–2017. The reason came from the higher market competition and the increase of employee cost. Comparing the profit of the Company for Q1

(62.4) Gross profit margin from hotel operations % 26.3 44.2 (17.9) For the three-month period ended 31 March 2020, gross profit from hotel operations decreased as the revenue of the hotel operations

-22.05 -10.80 -11.25 -104.17 Basic Loss Per Share (Baht) -0.04 -0.03 Gross Margin 11.72% 6.85% Net Profit Margin -59.59% -14.81% Total Expenses Financial Performance of 2nd quarter for 6 months ended June

115.59 170.45 (54.86) -32% Gross profit margin 9.37% 15.33% Other income 1.12 4.77 (3.64) -76% Selling expenses 2.97 2.66 0.31 12% Administrative expenses 86.79 80.76 6.03 7% Allowance for doubtful

and joint ventures 60 110 144 31% 140% 235 365 55% Net profit for the company 724 815 888 9% 23% 2,281 2,453 8% Gross profit margin* (%) 20% 23% 28% 5% 8% 21% 24% 2% Net profit margin (%) 14% 15% 20% 5

the country aligning to the vision of “World Class Product, World Class Brand”, but also providing higher gross profit margin for domestic energy drink as compared to the traditional energy drink. Sales

Gross Profit Margin Q3-2019 Q2-2020 Q3-2020 9M-2019 9M-2020 Change THB Mn THB Mn THB Mn %QoQ %YoY THB Mn THB Mn %YoY Biomass Power Plant 250.1 263.6 291.4 10.5% 16.5% 679.2 798.6 17.6% Natural Gas Power

3Q17, sales progress reached 91%. The project was due to complete in 3Q19. Management Discussion and Analysis 3Q17 & 9M17 Consolidated Financial Results Page 2 of 6 • In February 2017, the Company

a gross profit of 237.71 mb (2017: 192.41 mb), a significant increase of 45.30 mb or 23.5% improvement. The reduction in cost of service also contributed positively to a better gross profit margin at