revenue is from long-term PPA with state enterprises which has no direct impact from COVID-19 while revenue from industrial users (IUs) remains stable y-on-y in Q1’2020, thanks to portfolio diversification

qualification requirements intact and adjust the licensing fee structure to prevent overburdens to business operators.Essentially, this approach would allow an applicant to apply for a package of licenses at one

from the core lime producing business they are stable and consistent as opposed to the project based revenue from Golden Lime Engineering which we saw in Q1 2017. We do expect Golden Lime Engineering to

the liabilities side while the short-term borrowing facility is stable an increase in long-term liabilities due to the 330mTHB term loan used to acquire Saraburi Quicklime impacted total liabilities

will fully focus on international expansion across the ASEAN market. This will enable MACO to leverage PlanB’s platform, contents, and secure minimum guarantee. Moreover, the integration efforts between

EBITDA (including lease liabilities and license payable) was at 2.5x. Total equity was at Bt94,003mn, increasing 3.7% from increased retained earnings. Cash flow In 1H24, cash flow from operation (after

%. Net debt to EBITDA (including lease liabilities and license payable) was at 2.5x. Total equity was at Bt94,003mn, increasing 3.7% from increased retained earnings. Cash flow In 1H24, cash flow from

better cash collection.  Current ratio remained relatively stable at 0.61 times in Q3’18 (and 9M18) compared with 0.57 times in Q3’17 (and 9M17). Total debt to equity ratio dropped from 2.38 times in

impact from FX losses was only accounting implication and did not affect the Company’s cash flow or its operating performance. KEY HIGHLIGHTS • Total revenue and share of profit from investments in

2017 Change MB % MB % MB % Cash and cash equivalents 844 6.5% 796 4.8% -48 -5.7% Trade and other receivables 355 2.7% 279 1.7% -76 -21.4% Inventories 1,149 8.8% 2,006 12.2% 857 74.6% Property Development