2,395 5% (4%) (5%) (5%) Total Revenues 5,676 5,405 (5%) 16,780 16,541 (1%) Operating and administrative expenses Expected credit loss Finance costs Other expenses 2,070 1,949 574 1 2,114 1,899 511 (0.1) 2
, the company’s financial position remains strong with low debt-to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 4 Operating
* (%) 23% 29% 28% (1%) 5% 22% 28% 6% Net profit margin (%) 15% 16% 16% (0%) 1% 14% 16% 2% * Exclude costs of depreciation and amortization 1 Management Discussion & Analysis Management Discussion & Analysis
Equity (Net D/E) Times 0.20 0.29 0.26 Total Debt to Equity (Total D/E) Times 0.50 0.49 0.50 Liquidity ratios Current ratio Times 2.53 2.43 2.35 Quick ratio Times 2.18 1.94 1.92 * Exclude costs of
PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION Natural Gas • Natural gas costs increased 16.0% y-on-y and 11.8% q-on-q (Baht 15,918 million in 9M’2018 / Baht 5,906 million in Q3’2018
increased mildly 2.9% YoY and 3.0% QoQ. Other costs of service were Bt2,781mn, increasing 5.4% YoY and 1.1% QoQ mainly from higher cost for content offset by lower prepaid commission. SG&A expenses were
maintenance. Moreover, there has also been a completion of COD of 5 SPPs since the second quarter of 2017 to the first quarter of 2018, adding the Company’s Equity MW under operation to 511 MW. Such impact from
optimization program. Other costs of service, which included cost of content, prepaid commission, and IC cost, were Bt10,766mn increasing 1.9 %YoY due to higher cost of content offset by lower prepaid
9.4%QoQ from higher base rental & utility as well as maintenance from 5G/4G network expansion. Other costs of service were Bt2,111mn, increasing 1%YoY and 8%QoQ from higher value added services cost
usage. Other costs of service were Bt2,088mn, increasing +7.2%YoY primarily due to higher value-added services cost, but decreasing -1.1%QoQ from prepaid commission following lower prepaid revenue. SG&A