37% EBITDA 81 111 36% 223 288 29% Net Profit (Loss) for the Company 34 54 59% 82 131 60% Gross Profit Margin (%) 64.6% 66.0% 1.3% 63.2% 64.8% 1.6% EBITDA Margin1 (%) 32.8% 32.6% (0.2%) 32.6% 31.6% (1.0
company under Financial Institutions Businesses Act; (2) a securities company licensed to be a securities business operator in the category of securities broker, or securities dealer which is not limited to
Financial Institutions Businesses Act; (2) a securities company licensed to be a securities business operator in the category of securities broker, or securities dealer which is not limited to debt
1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 31 December 2019 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE Bangkok
from the recognition of interest expenses from the adoption of Thai Financial Reporting Standards 16 Leases (TFRS 16). The Company has no interest-bearing debt. +5.5% 7
due to THB appreciation against EUR and GBP • Net debt to equity ratio as of 30 June 2019 was 0.56x, comparing with 0.55x at the end of last year SIGNIFICANT EVENTS 4 major renovation works of Vienna
Standards 16 Leases (TFRS 16). The company has no interest-bearing debt.
interest expenses from the adoption of Thai Financial Reporting Standards 16 Leases (TFRS 16). The Company has no interest-bearing debt. +10.5% 7 Slide 0 Slide 1 Slide 2 Slide 3 Slide 4 Slide 5 Slide 6 Slide
, Carabao Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussions and analysis regarding consolidated financial performance and position of the Company and