in operating results from GLOW that has been impacted by GHECO-One in which the selling price has fallen in Q3/2019, a seasonality effect usually occurring in the third quarter of every year. In

utilized or have not reached the optimal level yet. Therefore, cost per unit was higher at this point, which might continue to impact the Company’s operating performance in the short term, or for the next 2

) 883 1,848 Unit : million Baht 31-Dec-18 31-Dec-17 Total Assets 30,632 32,172 Total Liabilities 20,532 19,781 Total Equity 10,101 12,391 Gr ou p HR C Gr ou p บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public

from rental and rendering of services from new rental spaces and improved occupancy rates, and decreased selling and distribution expenses from improved cost management • Operating revenue increased by

3344 Fax. 66 2 654 3323 No. PACE IR2019/007 Date: 15 August 2019 Subject: Explanation of the Operating Results for the three-month period ended 30 June 2019 changing over 20% To: The President The Stock

1 Ref: AC.021/2018 14 August 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

1 Ref: AC.028/2018 13 November 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

at the Ending of the Period 31.25 32.00 CFROE = Cash Flow Return on Equity Increase (Decrease) (%) 50.92% 36.85% The Corporate Group’s net cash from operating activities in the 2nd Quarter 2020 was

Beginning of the Period 20.59 28.42 Cash at the Ending of the Period 69.20 66.70 CFROE = Cash Flow Return on Equity Increase (Decrease) (%) 58.90% 33.66% - 8 - The Corporate Group’s net cash from operating

Ending of the Period 55.97 52.58 CFROE = Cash Flow Return on Equity Increase (Decrease) (%) 49.79% 33.66% - 8 - The Corporate Group’s net cash from operating activities in the 3rd Quarter 2017 was Baht