movement in prices of raw materials and products from the end of the previous reported period to the end of the current reported period. The cost of sales is impacted by inventory gains/losses wherein

cost decreased by Baht 3.19 million and profit sharing to minority shareholders also increased by Baht 19.45 million in current year. 1.1 Revenue For the year ended 31st March 2018, the Company and its

the year. Foreign purchasing power was greatly contracted by the impact of trade war affecting the sales volume while the falling price of raw materials in global market and intensive competition among

also decreased by Baht 4.78 million in current year. 1.1 Revenue For the year ended 31st March 2019, the Company and its subsidiaries had revenue from sales and service of Baht 3,293.90 million compared

Summary Financial Ratio 2016 2015 2014 LIQUIDITY RATIO Liquidity Ratio Times 3.90 3.46 3.24 Quick Ratio Times 3.50 3.09 2.73 Current Ratio Times 1.33 1 1.02 Account Receivable Turnover Times 7.48 7.52 6.52

the year 2022 be higher than the year 2021. For the selling price, the average selling price increase from the year 2021. Whereas the raw material price in the year 2022 was in range between 28.93-61.22

and Services revenue 1,100.27 1,019.08 (81.19) (7.38%) 3,332.98 3,268.14 (64.83) (1.95%) Raw water revenue 646.56 575.68 (70.88) (10.96%) 2,080.52 1,885.72 (194.80) (9.36%) Tap water revenue 351.77

from sales: details as follow. The decrease in sales revenue is a result of the reduced sales volume. Due to the fluctuation of raw material prices and exchange rates in the past, the company has to

Operation of the Year 2019 Attention: Directors and Manager, The Stock Exchange of Thailand N.D. Rubber Public Company Limited (“the Company”) would like to present the MD&A for the Three- Month and Twelve

high-technology products, an increase in price of the Company’s core raw material, copper foil, due to an unbalanced demand/supply in the market, as well as the appreciation of the THB in a short period