profit margin decreased to 25.2% due to the lower revenue base.  Share of loss from investments in JVs and Associates was THB 22mn owing to the performance of Master Ad Public Company Limited as its

approved by the Board of Directors. From the nine-month operations, the Company had a net loss of 96.03 million baht in which there is a loss attributable for the equity holders of the Company of 102.81

statements for the third quarter ended 30th September 2018 which was duly approved by the Board of Directors. From the nine-month operations, the Company had a net loss of 47.58 million baht in which there is

scheduled in PPA while the construction cost was also in line with the budget approved by shareholders. This achievement would enable us to keep record of managing the project to commence COD in time and in

of Directors. From the six-month operations, the Company had a net loss of 70.37 million baht in which there is a loss attributable for the equity holders of the Company of 75.76 million baht and the

31st December 2017 resulted in the Company net loss of 204.80 million baht in which there is a loss attributable for the equity holders of the Company of 209.38 million baht. The net loss includes loss

: * Normalized net profit = Net profit – Unrealized gain / (loss) from FX – Non-recurring income / (expense) B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis 2017 2018 % change Q3’2018

had a net loss of 34.71 million baht in which there is a loss attributable for the equity holders of the Company of 34.72 million baht and the net loss includes an unrealized gain on foreign exchange of

had a net loss of 39.98 million baht in which there is a loss attributable for the equity holders of the Company of 38.85 million baht and the net loss includes unrealized loss on foreign exchange of