-2763 As at 31 March 2020, the Group’s Current ratio was 1.42 times which mean the company’s liquidity to payment on short-term liability was still high. While Debt to Equity ratio of the Group and

Margin -17.27% -1.18% Net Profit Margin -98.99% -121.11% Debt to Equity Ratio (Time) (16.47) 3.18 Total Expenses Summary of the Annual Operating Result as ended 31 December 2019 Construction Income In 2019

Gross Margin 3.43% -1.88% Net Profit Margin -57.55% -67.77% Debt to Equity Ratio (Time) 410.39 16.47- Total Expenses Summary of 3 Months Operating Result as ended 30 June 2020 Construction Income In the

the full-quarter consolidation of International Advertising segment, which was the main driver in increasing the cost-to-sales ratio from 62.1% to 88.6% in this quarter. VGM’s cost structure is higher

ต้องช าระ (Net Capital Ratio - “NCR”) เพ่ือให้มั่นใจได้ว่าผู้ประกอบธุรกิจ มีสินทรัพย์สภาพคล่องเพียงพอรองรับภาระหนี้สินที่มีต่อลูกค้า เจ้าหนี้ รวมถึงตัวกลางอ่ืน ๆ และยังมี ส่วนเกินอีกจ านวนหนึ่งที่เตรียม

in world oil prices, resulting in a sharp drop in commodity prices this causes a lot of price competition. Yours Sincerely, Ms. Piyanan Suwannaphasri Assistant Managing Director Authorized to sign

fallen by THB 34.73 million, which has led 2nd quarter company’s net profit to fall to THB 0.69 million, a decrease of THB 16.05 million (96.2%). The main factors causing a sharp fall in underwriting

while expenses had grown, as a result; a huge drop in 6 months period by 137%. Profit (Loss) before tax: A sharp drop of 174% in 2Q19 comparing to 2Q18, while 6 months recorded a 91% less than the same

- 9 100 Total investments in joint ventures 77 245 (255) 9 76 Total 522 306 (268) 9 569 25 Management Discussion & Analysis Management Discussion & Analysis (MD&A) Q2/2018 83% 17% • Debt profile • The

& Analysis (MD&A) Q3/2018 88% 12% • Debt profile • Debt balance of the company and its subsidiaries as of September 30th, 2018 was in Thai Baht and Japanese Yen currencies. • Total interest-bearing debt