was in Baht 26.8 million) 4) Financial cost decreased by Baht 0.5 million, mainly due to decrease of interest expense. 5) Company record loss sharing in joint-venture by equity method of Baht 1.2

Liabilities 432.3 390.2 10.8 Total Liabilities 1,563.5 1,356.4 15.3 Total Shareholders’ Equity 1,979.4 1,872.8 5.7 Current Ratio (times) 1.17 1.39 Debt to Equity Ratio (times) 0.79 0.72 Total Assets As of March

18.85 million mainly from the decrease of an unrealized gain from mark-to-market price of investment in listed equity securities and the gain on debt securities from the reduction the Company’s investment

Baht or 5.72% compared to same period of 2017) due to the declining in raw water sales volume and net profit attributable to Equity holders of the parent company was 580.63 million Baht, decreased by

. Debt to equity ratio improved to 0.86 times due to the repayment of long term debt. Debt service coverage ratio (DSCR) remained strong at 2.13 times.

cost for the solar energy unit Baht (0.28) million. It was since the repayment of long-term borrowing in the solar energy business. Income tax Income tax decreased Baht (2.22) million, which was mainly

small decrease in finance costs for the solar energy unit Baht (2) million or (18%). It was since the repayment of long-term borrowing in the solar energy business and short-term borrowings from financial

. • Long-term borrowings from financial institutions decreased by Baht (35.42) million, which mainly comes from the repayment of long-term borrowing in the solar energy business. The group’s equity increased

required Debt to Equity ratio due to the MRTA is fully responsible for the loan repayment according to the concession agreement. Overview Operational Results In the year 2017, the Company had the net profit

Total Equity (273) 172 Minority 9,570 9,928 Gr ou p HR C Gr ou p บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 1 Ending 31 March 2019 G Steel