(times) 1.8 3.2 Operating EBITDA (%) 45.4% 41.5% Quick ratio (times) 1.2 2.0 Cash-to-net profit (%) 96.8% 53.9% Account receivable turnover (times) 4.1 3.6 Net profit (excl. NCI) (%) 20.3% 20.8% Average

, quick response, and strong public health system. Recently, the Global COVID-19 index (GCI) ranks Thailand as the second highest recovery rate of COVID-19 pandemic, and praised by WHO and international

convertible debenture. Liquidity and capital adequacy As at 31 March 2020 and 31 December 2019, the current ratio of the Company and its subsidiaries are 2.28 times and 1.47 times, respectively, and the quick

หมุนเวียน (2) อัตราส่วนทุนหมุนเวียนเรว็ (Quick Ratio) (เท่า) สินทรัพย์หมุนเวียน - สินค้าคงเหลือ หนี้สินหมุนเวียน (3) อัตราส่วนเงินสด (Cash Ratio) (เท่า) เงินสด + รายการเทียบเท่าเงินสด หนี้สินหมุนเวียน (4

เปลี่ยนแปลงอย่างมีนัยสำคัญ ให้วิเคราะห์ถึงสาเหตุโดยละเอียดด้วย               - วิเคราะห์อัตราส่วนสภาพคล่องที่สำคัญ เช่น current ratio, quick ratio

) by improving the internal control system to be sufficient and efficient, with P&L Internal Audit Company Limited. as the auditor within the group, That the company is in the process of reviewing and

or up by 4.11% and net profit of 1,248.47 million Baht, an increase of 202.25 million Baht or up by 19.33%. This was the result of our ability to control and manage expenses effectively, together with

% ⚫ According to business adjustment and cost control, gross margin of the Restaurant and Food Centre business are released from impact of declining in sales revenue. 4 / 4 3. Financial status analysis Unit

combination under common control of THB 13.4 Mn which was itself a result of the Group’s previous restructuring. Please be informed accordingly, Yours Sincerely, (Mrs. Yupaphan Ekasittikul) Chief Financial

2018 gross profit margin was mainly driven by the adoption of economies of scale and efficient control of production cost. 2. Selling expenses In year 2018, the Company incurred selling expenses of Baht