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
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
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
improvement in shipping costs and adjustment of commission policy which was adjusted to pay at lower rate than last year. 8. Administrative expenses In 2018, administrative expenses increased by Baht 20. 0
in offering services to the merchants. In addition, other operators started offered lower rates on settlement services causing some customers decided transfer their settlement services providing by
acknowledged product quality and its attractive lower retailing price as compared to the previous packaging size of a 330 ml. The new energy drink is not only expanding the customer base to younger generations
generally paid for the inventory rooms resulted from lower of units transferred within the year. Other than that, administration expenses in general has decreased because of the inauguration of the cost and