loans, real estate development loans and housing loans while hire purchase loans declined slightly from the end of 2018. For asset quality, the Non-Performing Loans (NPLs) to total loans ratio for 1Q19

see the improvement of DE and Current ratio. However, the Balance Sheet restructuring is subject to the coming EGM which will be held on 30 August 2017. Apart from the improvement of Balance Sheet, the

$ 1.9B. Interest cost is expected to come down for year 2020, thanks to lower benchmark rates. Our net operating debt to equity went up to 1.35 times primarily due to the acquisition of Spindletop

follows; Financial ratio Y2018 Y2017 Liquidity (times) 11.02 11.81 Debt to Equity (times) 0.11 0.10 Return on Equity (%) 2.40% 5.81% Return on Assets (%) 2.18% 5.15% Gross Profit Margin (%) 15.38% 15.00

ratio Y2019 Y2018 Liquidity (times) 9.68 11.02 Debt to Equity (times) 0.12 0.11 Return on Equity (%) 3.84% 2.40% Return on Assets (%) 3.44% 2.18% Gross Profit Margin (%) 11.13% 15.38% EBIT Margin (%) 4.51

bunch (FFB) in April 2020. As CPO expeditiously increased as mentioned above, the Company could not adjust selling price to keep up with the CPO market price; therefore cost of sales ratio increased from

value unless such exceeding ratio does not occur from additional loans. The calculation for the ratio in the first paragraph shall also include the debt and equity of all subsidiary companies of

confidence coupled with the already high household debt level. Nevertheless, the non-durable goods increased partly from the rush in purchase of consumers goods due to the concerns on the COVID-19 outbreak

declined from the contractions in vehicle sales in line with the weakened household income from lower income, employment and consumer confidence coupled with the already high household debt level

from the end of 2019 with growth driven by hire purchase, housing and corporate lending segment. For asset quality, the Non-Performing Loans (NPLs) to total loans ratio for 3Q20 declined further to 2.9