decrease of Baht 11.99 million or down by 10.89%, due to the lower cost of debt from refinancing bond issued in the year 2017 and first quarter of year 2018. In addition, the Company has been closely

interest rate 4.9% per year is lower than the market interest rate which is the interest rate that the company borrows from other financial institutions. 8. Opinions by The Audit Committee and/or company

flow from operations and as the Company repaid the long-term loan in advance. As of March 31, 2018, Net Interest-bearing Debt to Equity improved from 0.31 to 0.25 times as a result of lower debts and

ended March 31, 2018, respectively. Meanwhile, the cost of hospital operations to revenue ratios stood at 69.91% and 64.85%, respectively. The lower ratio on a period-on-period basis was attributable to

million, or less than 3% of net tangible assets (NTA), whichever may be lower. Such 3% of NTA value by the company as of December 31, 2017, stood at Baht 171.83 million. Accordingly, said transaction volume

products as well as growth from some exiting products. Domestic branded was quite maintained.  Net profit in Q1/2018 was Baht 9 million, a decrease of 92% YoY due to 1) lower sales contribution of export

million or 3% of NTA whichever is lower. Therefore, the company has proposed this transaction to the Board of Directors for approval and disclose the information to the Stock Exchange of Thailand according

ลบุรี 20220 129 Moo 3 Nongchak-Phanasnikom Rd., Nongeiroon, Banbueng, Chonburi, Thailand 20220 Tel. 038-160707 Fax. 033-047348 www.ndrubber.co.th • Gross profit margin in Q4/2018 is lower than Q3/2018

in Q4/2018 is lower than Q3/2018 because of less in revenue and the price competition in the market. But, comparing with Q4/2017, our gross profit margin is higher from 5.61% to 18.04% due to the

company had lower cost of goods sold from its zinc production in 2017 compared to higher cost of goods sold from imported zinc in 2018.  Selling and Administrative expenses decreased by 24% to 400.45 MB in