value of THB 160mn. The acquisition has improved the asset management’s efficiency and reduced cost and risk of depending on the sole major leasers. - On 30 June 2017, Eye On Ads Company Limited, a wholly

operational efficiency and cost management especially in the Outdoor media business. Consequently, the gross profit was up 34.3% from THB 442mn to THB 593mn. Gross profit margin increased from 57.2% to 60.6

% 27.4% Net profit margin 0.1% 13.5% Efficiency ratio 31-Mar-19 31-Mar-18 Return on equity* 1.2% 7.6% Return on asset* 2.5% 6.6% Liquidity ratio 31-Mar-19 31-Dec-18 Current ratio (time) 1.06 1.35 Leverage

June 2019 G Steel Public Company Limited Page 2/12 service provider in late year 2018 however the Company invests in fixed asset in Q3/2019 to increase raw material handling’s efficiency. In addition

quarter, the company has controlled the selling and administrative expenses for more efficiency. However, the Company and its subsidiaries have set aside provision for additional employee benefits at the

of MACO. Cost-to-sales ratio, however, decreased from 41.6% to 39.0% primarily due to sales growth outpaced cost growth, improved operational efficiency and cost management especially in the Outdoor

continues to be the main revenue driver of the Company. We strategically expanded our overseas hotel portfolio as well as restructured our overseas hospitality assets to improve efficiency in the prior year

our energy and resources in accelerating our plans to increase export branded sales and to improve internal work process for greater efficiency with the goal to create stability and sustainability in

% to 33.6% mainly derived from the biomass power plants, which the Group acquired in the third quarter of 2020, although the Group had significantly improve the machinery’s efficiency and cost reduction

Infrastructure services and the Project of selling computer servers and equipment to increase the efficiency of information systems of Social Security Office, the Project for the maintenance of systems and