, Lumpini Place Rama 3-Riverine, Lumpini Park Petchakasem 98, Lumpini Selected Sutthisarn-Saphankwai and Lumpini Ville Pranangkla-Riverview. The sales expenses and management expenses decrease 29.73% and

1,223 Unit : million Baht 30-Sep-18 31-Dec-17 Total Assets 30,469 32,172 Total Liabilities 19,347 19,781 Total Equity 11,122 12,391 Gr ou p HR C Gr ou p บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public

% 1.0% Return on average assets /1 0.35% 0.93% 1.19% (0.58)% (0.84)% 0.62% 1.18% (0.56)% Return on average equity /1 2.92% 7.32% 8.84% (4.40)% (5.92)% 5.07% 8.81% (3.74)% /1 Attributable to owners of the

73 million in 3Q19 while reported net loss of Baht 60 million in 3Q2018. The closure of Dusit Thani Hotel Bangkok at the beginning of the year was the main reason to the decrease in business’s result

Baht 30-Sep-19 31-Dec-18 Total Assets 28,635 30,632 Total Liabilities 19,001 20,532 Total Equity (911) 172 Minority 10,545 9,928 Gr ou p HR C Gr ou p Management Discussion and Analysis Quarter 3 Ending

the decrease in business’s result for 9M19 since it caused the drop in revenue with the cost of employees of Dusit Thani Hotel Bangkok. However, the Company sold the long-term investment and recorded

) • Gross profit was Baht 1,064.8 million in Q4/2019, decreased by Baht 72.3 million or 6.4% from Q4/2018. The decrease was mainly due to the following reasons: • Gross profit from sale of goods decreased by

amounted to THB 3,787 million; with total liabilities of THB 3,376 million; and total equities of THB 9,708 million. In this regard, the company financial position remains strong with low debt- to-equity

% or THB 13,902mn from 31 December 2017, mostly from the EBT of UE, which was funded by a capital increase via issuance of preferred shares in the first quarter  Net debt to equity ratio as of 31

Q1/2017 (If excluding construction revenue under concession agreement of 990.07 million Baht, the total consolidated sales and services income would decrease by 74.75 million Baht or 7.02% compared to