end of 2017, mainly from NVD’s new short-term debts to secure new land port. Net interest-bearing debt to equity ratio stood at 0.61 times, increased from 0.40 times as at 2017 year-end, as some of the

. -Increased revenue from sales of machinery equipment and engineering services realized via deliveries in the 1st and 2nd quarter of 2017. -Decreased financial expenses due to further debt reduction and

2.18% 3.39% Current ratio (x) 1.04 1.02 Debt/Equity (x) 0.71 0.69 Interest-bearing debt/Equity (x) 0.34 0.36 Interest coverage (x) 6.91 13.61 Book value per share (Baht) 5.42 5.38

equity (ROE) 17.70% 14.40% 12.38% 11.04% -2.43% Return on asset (ROA) 8.20% 6.80% 5.73% 5.01% -0.86% Interest bearing Debt / Equity (IBD/Equity) 0.80 0.80 0.83 0.77 1.11 Return on equity (ROE) and Return

% 19.80% 17.70% 14.40% 12.38% Return on asset (ROA) 9.00% 9.20% 8.20% 6.80% 5.73% Interest bearing Debt / Equity (IBD/Equity) 0.56 0.62 0.80 0.80 0.83 Return on equity (ROE) and Return on assets (ROA) as of

the parent for the three-month period ended 31 March 2020 Key financial ratios o Debt to Equity ratio (D/E) as of 31 March 2020 was 2.03 times with similar to last year ended 31 December 2019. o

liabilities decreased by Baht 306.6 million, largely attributable to decrease of interest bearing debt. Total shareholders’ equity increased by Baht 591.0 million driven by increase of profit during the period

upgrading equipment health. This has significantly improved the Debt to Equity Ratio from 0.49 in 2016 to 0.20 in Q2-2019 and the Current Ratio from 0.33 in 2016 to 1.75 in Q2-2019. 1. Highlights 2 G J Steel

objective is to operate in investment project, which construct, operate and maintenance of the Central Wastewater Treatment Plant and Collection System for Mandalay Industrial Zone, The Republic of the Union

the measure to increase Cracking to CDU capacity ratio was enforced since the 1st of April, 2017, leading to lowered supplies. Moreover, Russian refineries were upgrading capacity since 2016, lowering