Profit from Operation was Baht 139.3 million, a 1.7% decrease from Baht 141.8 million in 2Q2018 due to the higher depreciation expense from the expansion pipeline system. In 1H2019, Gross Profit from
111.4 million decreased by 3.8% from 2Q2016 and its margins decreased from 32.3% in 2Q2016 to 29.0% in 2Q2017 mainly due to the planned maintenance of the Utilities System and higher depreciation expense
relatively flat compared to 33.5% in 2018 due to higher depreciation expense from the expansion pipeline system. For our 2019 EBITDA was Baht 2,740.9 million, compared to Baht 2,854.8 million in 2018, or
expense from the expansion pipeline system. For our 2019 EBITDA was Baht 2,740.9 million, compared to Baht 2,854.8 million in 2018, or decrease by 4.2%. 6 2. FINANCIAL POSITION The Consolidated Balance
maintenance cost and depreciation expense from the expansion pipeline system. However, Gross Profit Margins of excluding Other Utilities Revenue was 34.3% in 9M2019 flat with 34.4% in 9M2018 For our 3Q2019
operations of new power plants and project acquisition described previously. COST STRUCTURE FINANCIAL PERFORMANCE 6 * include the construction cost of Nam Che 1 project in Lao PDR while there was the revenue
cost of water treatment system installation is around 40-60 baht per waste water ton. This would affect the cost structure and the investment return of the project. (3) Analysis on movement of the
cost of water treatment system installation is around 40-60 baht per waste water ton. This would affect the cost structure and the investment return of the project. (3) Analysis on movement of the
that of in 2016 and 2015 of 73.5% and 72.7%, respectively. However, the cost structure is quite similar to that of the previous year with high proportion of raw material cost being accounted for 80% of
expense in Q’4 also impacted the q-on-q basis. COST STRUCTURE FINANCIAL PERFORMANCE 6 Q1’2019 Q1’2018 % change Q4’2018 % change million Baht million Baht y-on-y million Baht q-on-q Cost of sales and