expressed its interest in providing the assistance for the debt restructuring of the Company and started conducting legal, accounting and financial due diligence. SSG Group found that the due diligence

institutions has become very strict and loan rejection rate has been rising. In addition, the projects developed by the Company are large-scale, resulting in an increase inventory. The Company, therefore

the industry has decreased. Moreover, the expansion of the unemployment rate has led to a decrease in the purchasing power of real estate. However, the company has adjusted by changing the room for sale

to lower household income, sharp decline in employment, particularly in export-related manufacturing sectors, and high rate of household debt. Despite the government economic stimulus, the impact of

163.17 42.9% 202.75 46.0% 39.58 24.3% SG&A 58.51 15.4% 83.78 19.0% 25.27 43.2% EBIT 104.66 27.5% 118.97 27.0% 14.31 13.7% Share of Gain in Associates - - 0.51 0.1% 0.51 - Interest Expenses 0.48 0.1% 0.35

rate is 4.5% per annum. The objectives of issuing the debentures are a) investment in the new projects, b) repayment of debts, and c) working capital. The Company can sell debentures of Baht 1,720.1

maintenance (TAM) (from 30 April – 13 June 2018). However, average crude run for the year was in accordance with the target at 102.39 KBD (85% utilization rate), and achieved its all-time high monthly average

rate and gain on short-term investment. Moreover, the finance income of the Company and its subsidiaries is interest income. For the three-month period ended 31 March 2020, other income and finance

EBITDA of THB 2,992 million. Performance softened partly as in Q1/2017 and Q4/2017 recorded several non-recurring items, such as interest income from income tax return, gain from selling of asset, and

million and some portion from the trade creditors agreed to reduce the accrued interests payable during the negotiation period before the completed debt-to-equity conversion scheme. - Gain on exchange rate