No: AH 03052022 May 17, 2022 Subject: Management Discussion & Analysis (MD&A) for the Financial Statements of the 1st Quarter of Fiscal Year 2022 Ended as of March 31, 2022 To: The President The Stock
improving interest coverage ratio in 2H19 due to the expected continual revenue growth of food business and higher revenue from education business. The Company’s financial position remained strong with
amounting to 8 million Baht. Meanwhile, the drawn down loans was 8,598 million Baht. 5. Financial Ratios Profitability Ratios Quarter 1 Change Increase/(Decrease) 2018 2017 Gross Profit Ratio (%) 33.88 34.93
shareholders was 1,741 million Baht. Page 17 5. Financial Ratios Profitability Ratios Quarter 2 Change Increase/(Decrease) 2017 2016 Gross Profit Ratio (%) 38.80 40.25 (1.45) Operating Profit Ratio before FX
) 5.62 3.88* 1.74 *Excluding gain on disposal of investment totalling 14,162 million Baht Leverage Ratio and Liquidity Ratio Quarter 1 2019 Quarter 4 2018 Change Increase/(Decrease) Debt to equity ratio
million Baht. Page 17 5. Financial Ratios Profitability Ratios Quarter 2 Change Increase/(Decrease) 2018 2017 Gross Profit Ratio (%) 35.88 38.80 (2.92) Operating Profit Ratio before FX (%) 31.68 32.89 (1.21
. Meanwhile, the loan drawdown was 14,876 million Baht. Page 17 5. Financial Ratios Profitability Ratios Quarter 3 Change Increase/(Decrease) 2018 2017 Gross Profit Ratio (%) 32.94 38.39 (5.45) Operating Profit
. Financial Ratios Profitability Ratios Quarter 3 Change Increase/(Decrease) 2019 2018 Gross Profit Ratio (%) 28.03 32.94 (4.91) Operating Profit Ratio before FX (%) 27.49 29.28 (1.79) Profit Ratio before FX
. 1.2.3 Finances Cost In Q1/2018, the Group's financial expenses was amounted to Bt34.9 million, declined by Bt4.2 million or 10.7%(y-o-y) as the Group has repaid long-term loans of Bt133.0 million in this