declined because of high employee benefit expenses and utility costs last year. In 2019, the high employee benefit expenses were due to an amendment of a labour protection law that employees were entitled to

21.9 14.7% Sales from Biomass Power Plants 843.6 847.2 797.8 (5.8%) (5.4%) 2,402.3 2,478.1 3.2% Revenue from finance lease under a Power Purchase Agreement 104.9 95.3 109.4 14.8% 4.3% 305.7 307.0 0.4

) (24.0%) Sales of electricity to Industrial Users (IU) 6.8 6.8 8.3 9.1 0.8 9.6% 24.7 31.0 6.3 25.5% Sales from Biomass Power Plants 833.1 847.2 797.8 872.7 74.9 9.4% 3,261.7 3,350.8 89.1 2.7% Revenue from

33.2 14.7 (55.7%) (60.7%) 81.1 47.9 (40.9%) Sales of electricity to Industrial Users (IU) 4.7 6.9 6.0 (13.0%) 27.7% 9.4 12.9 37.2% Sales from Biomass Power Plants 677.4 767.1 791.6 3.2% 16.9% 1,348.9

and Ft 727.0 806.7 79.7 11.0% FiT Premium 33.2 19.6 (13.6) (41.0%) Sales of electricity to Industrial Users (IU) 6.9 6.8 (0.1) (1.4%) Sales from Biomass Power Plants 767.1 833.1 66.0 8.6% Revenue from

electricity to Industrial Users (IU) 6.9 6.0 6.2 5.6 (0.6) (9.7%) 20.6 24.7 4.1 19.9% Revenue from maintenance service to outside - - - - - - 47.8 - (47.8) N.A.(

% Revenue from maintenance service to outside 47.8 - - - N.A.(

14.7 19.6 19.1 (2.6%) 29.9% 47.9 38.7 (19.2%) Sales of electricity to Industrial Users (IU) 6.0 6.8 6.8 - 13.3% 12.9 13.6 5.4% Sales from Biomass Power Plants 791.6 833.1 847.2 1.7% 7.0% 1,558.7 1,680.3

recognizing gross profit from 3 of GLOW’s IPP plants of Baht 1,541 million. As for Sriracha Power Plant, gross profit increased by Baht 37 million due to lower maintenance cost from Long Term Service Agreement

. However, in Q2/2019, the company will have to recognize the interest expense and the advisory fee for the acquisition of GLOW, as well as recognizing the employee benefit expenses for the group. For 1H/2019