at 1.53 million metric tons, decreasing 37.50% resulting from the less consumption of structural steel and wire rods and the flat finished steel consumption at 2.70 million metric tons, decreasing

internal rate of return (EIRR) of not less than 20 percent. 9. Expected benefit Based on statistics of foreign tourists from the Department of Tourism in 2016, there are approximately 32 million foreign

Service Coverage Ratio (DSCR) must not be less than 1.25 times. It appeared that as at September 30, 2017, the Corporate Group was able to maintain the above financial ratios as stipulated by such loan

% Add Unrealized (gain) on FX (507) (826) 63.0% Add Non-recurring expenses 0 350 n/a Normalized net profit 1,966 2,346 19.3% Less Minority interest (846) (953) 12.7% NNP - Owner of the parent 1,121 1,393

less consumption of structural steel and the flat finished steel consumption at 2.83 million metric tons, decreasing 11.18% resulting from the demand of Hot Rolled Steel and Galvanize Steel which

ratio stood at 0.07 times, a decrease from 0.28 times at the end of last year, on lower debt balance and increase in retained earnings. Dividend CPN has a dividend policy of no less than 40% of annual net

shall be an entitlement of unallocated subscribers’ rights to receive interest at the rate of not less than seven point five percent per annum from the date after such period ends; (b) prohibition of

receive interest at the rate of not less than seven point five percent per annum from the date after such period ends; (b) prohibition of using subscription money in excess of the total amount expected to

date. In cases where such money cannot be returned within such period of time, there shall be an entitlement of unallocated subscribers’ rights to receive interest at the rate of not less than seven

(MMOU); (b) a regulatory agency on securities or derivatives which has already signed memorandum of understanding (MOU) with the SEC Office concerning mutual assistance at a level not less than as