was due to the fact that the Company repaid some loans to the financial institutions as well as financial leases for the total of 16.32 million baht. Hence, the debt to equity ratio stood at 0.13 times

(ROE) ratio was 4.93% and Net Debt to Equity ratio was 0.18 as of 31 March 2019. (Unit : Baht million) 31 MAR 19 (quarterly) 31 DEC 18 (yearly) Change Total Assets 1,068.05 968.30 10.30% Total

& Financial Policy Unit 31 Dec 2017 31 Dec 2016 Debt to Equity Ratio Times 0.62 0.79 Interest Coverage Ratio Times 11.25 9.49 Debt Service Coverage Ratio Times 1.38 1.76 According to the liquidity ratio and

financial position. As at December 31, 2019, the consolidated debt to equity ratio was 0.38 time, slightly decreased from 0.42 time as at December 31, 2018. As at December 31, 2019, the consolidated interest

maintained effective operating cost control with cost to income ratio at 38% of total revenues. 5 Considering the Company’s separate financial statement, the operating and administrative expenses as a

multiple investment policies. The proposed amendments are as follows:          (1) Investment ratio of PVDs with multiple investment policies (master fund) will be separately calculated by each policy (sub

were barely changed comparing to the same quarter of last year. For the financial risk perspective, the ratio was at extremely low leverage with debt to equity ratio of 0.2x from 0.3x yoy. Please be

services were 9,291.8 million baht higher than the same period for last year at 237.2 million baht or an increase ratio at 2.60. Gross Profit The Company has gross profit as in the consolidated financial

of THB 18,621 million. Debt to Equity Ratio (D/E) and Interest Bearing Debt to Equity Ratio represented at 1.59 and 1.32, respectively. Yours faithfully, Mr.Chamroon Chinthammit Chief Executive Officer

Ratio (D/E) and Interest Bearing Debt to Equity Ratio represented at 1.75 and 1.55, respectively. Yours faithfully, Mr.Chamroon Chinthammit Chief Executive Officer and President Khon Kaen Sugar Industry