the money market fluctuation during COVID-19. Besides, the Company had interest bearing debt of THB 41,381.8 mm, which increased by THB 2,157.5 mm from THB 39,224.3 mm. However, the weighted 82,263.8

at 155.06 million THB. Funding Structure D/E ratio of the Company is at 1.91, and 0.96 for the yearend 2016 and 2017 respectively.

result of the foregoing, net interest-bearing debt to equity ratio significantly improved from 4.1 times as of December 31, 2016 to 1.4 times as of December 31, 2017 FINANCIAL POSITION 31-Dec-2016 31-Dec

are under construction. Debt to Equity ratio for the year ended 31 December 2017 and 2016 was 0. 8 time and 0. 4 time, respectively, this result was due to the increasing of loan from financial

attributable to Equity holders of the Company in Q3/2019 and of the nine months of 2019 were of Bt255. 7 million and Bt779.7 million which decreased by Bt48.9 million or 16.1%(y-o-y) and decreased by Bt89.8

growth rate of total expenses at 20.3%(y-o-y), then the Net profit attributable to Equity holders of the Company in Q2/2019 and of the first six months of 2019 were of Bt176.1 million and Bt524.0 million

issued shares to the private placement investor will strengthen the long-term financial structure and the debt to equity ratio of the Company by increasing more financial flexibility for future project and

., which were the major shareholders of GLOW and minority shareholders in tender offer. The loan resulted in the Debt-to-Equity ratio of the company to be equal to 2.7 times which might increase after

คำอธิบายและการวิเคราะห์ของฝ่ายจัดการ 8 November 2019 Re: To clarify the financial statements as of 30 September 2019 To: President The Stock Exchange of Thailand As WHA Corporation Public Company

Company’s financial status especially the debt to equity ratio and the Company’s liquidity. 3) Relationship Between SUTGH and the Company, the Company’s Executive, Controlling Person, or Major Shareholder