EBITDA/t (US$/t)) 122 107 91 34% 105 86 22% Net Operating Debt to Equity 0.57 0.84 0.91 (37)% 0.57 0.91 (37)% Note: (1) Consolidated financials are based upon elimination of intra-company (or intra

91.52%, which is based on the Criteria of Total Value of Consideration, which is the highest result. Including of the Company does not have any assets acquired or disposed of during the 6 months prior to

depreciated. In addition, this was due to a decrease in depreciation expenses from Dusit Princess Korat as a result of the asset disposal in late 2017. Education Business In 4Q18, revenue from Education

marketable equity securities from available-for-sale securities to trading securities which were partially sold in 2019. On 27 December 2019, the Company sold partially the investment in NR Instant Produce Plc

vehicle segment and commercial vehicle segment by 23.6% and 24.4% yoy respectively. In the equity market, the average daily turnover (SET and mai) for 1Q20 increased by 25.8% from Baht 53,192 million in

and drive revenue growth. 9M24 EBITDA increased by 20% YoY as a result of TTTBB EBITDA contribution and all core business growth. The net profit reported at Bt25,816mn, an increase of 17% YoY driven by

the lower selling expenses. As a result, overall the profit of the Group was increased. Analysis of revenues Q2’ 2018 Q2’ 2017 Increase (decrease) Million Baht % Million Baht % Million Baht % Revenues

business and the lower administrative expenses. As a result, overall the profit of the Group was increased. Analysis of revenues Q3’ 2018 Q3’ 2017 Increase (decrease) Million Baht % Million Baht % Million

) (37.97) Profit for Equity holders of the Company 30.84 41.79 19.18 26.11 (11.66) (37.81) Profit for Non-controlling interests of the subsidiaries - - (0.05) (0.07) (0.05) n.a. Revenue Revenues from

บริษัท จี เจ สตีล จํากัด (มหาชน) G J Steel Public Company Limited GJS Management Discussion and Analysis Q2/2020 1. Operating Result Highlights Unit: million Baht 2nd Quarter 2020 2nd Quarter 2019 Pe