performance or liquidity, under TFRS, and should not be considered alternatives to net profit (loss) or any other performance measure or as an alternative to cash flow from operating activities. Since there are

Company. This was mainly due to termination of Tolling activities by the Subsidiary and restart of own production by the Company. Total liabilities Total liabilities of the Company and subsidiary as at 30

share as at December 31, 2019. Liquidity Cash Flow Activities For the six- month period ended June 30, 2020, the Company and its subsidiaries generated cash flows from operating activities of

(loss) or any other performance measure or as an alternative to cash flow from operating activities. Since there are various calculation methods, its presentation may not be comparable to similarly titled

Shipment volumes for this year were lower as compared to last year due to due to termination of Tolling activities since February 2019. GJS บริษัท จ ีเจ สตีล จํากดั (มหาชน) G J Steel Public Company Limited

106.2 Mn. Cash Flow Analysis Type of Cash Flow For the Year Ending 31 December 2018 2019 THB Mn THB Mn Net Cash from (used in) Operating Activities 264.7 302.1 Net Cash from (used in) Investing Activities

Baht) For the year ended 31 December 2019 2018 Cash flow from operating activities 1,902.4 1,617.9 Cash flow from (used in) investing activities (1,729.2) 241.2 Cash flow from (used in) financing

follows: • Net cash flow used in operating activities was Baht 121. 69 million and profit before income tax was Baht 27. 85 million. At the same time, trade receivables have increased while trade payables

periods. The Company had terminated the Tolling Agreement with G Steel Public Company Limited and accordingly the tolling activities were stopped from 1st February, 2019. Further, continued slackness in the

activities. Overall Domestic HRC market conditions remained subdued with downward pressure on HRC prices due to global trade tensions, high levels of imports and slowdown in Thai economy. While various