clarifies the changes in the performance over 20% as follows: FINANCIAL PERFORMANCE Consolidated Financial Statements Q2 2016 Q2 2017 Increase/(Decrease) THB mm THB mm THB mm % Total Revenue/1 1,492.8 2,714.4

with higher administrative expenses. 4 (Unit: Baht million) Consolidated balance sheets As at 31st Mar 2019 As at 31st Mar 2018 Amount % Amount % Assets Current Assets Cash and cash equivalents 314.32

as follows: - Cash and cash equivalent increased by 89.1 MB due to cash received from share incremental of 273 MB. - Temporary investment increased by 21.3 MB. - Inventory increased by 15.7 MB. 283/99

provision for retirement benefit amounted Baht 22 million. This was due to the changes in the Labor Protection Act and this was one-time expense in the Income Statement, but no impact to Cash Flow due to its

• Debt to Equity ratio2 stood at 0.80 times as of 30 September 2019, decreased from 0.94 times as at end of 2018 Changes in accounting policy and reclassification in 3Q19, during the 3-month and 9-month

value as at December 31, 2019 was THB 10. 86 per share, slightly increased from THB 10.15 per share in 2018. Liquidity Cash Flow Activity In 2019, the Company and its subsidiaries generated cash flows

Corporate Group for the 9-month period would be Baht 446.70 million or an increase of 33.26 percent. Details of the changes or impacts are described in the Management Discussion and Analysis (MD&A) as

) (100.00) Net Profit (Excluding Extraordinary Items) 340.61 316.54 24.07 7.60 Details of the changes or impacts are described in the Management Discussion and Analysis (MD&A) as attached herewith. Please be

EBITDA 612 1,062 Net Profit (Loss) (836) 990 HR C HRC Sales (k tons) 1,447 812 HRC Production Volume (k tons) 1,436 876 HRC Average Selling Price (THB./ton) 20,663 18,690 HRC Cash Margin (THB./Ton) 854

812 EBITDA 612 1,062 Net Profit (Loss) (836) 990 HR C HRC Sales (k tons) 1,447 812 HRC Production Volume (k tons) 1,436 876 HRC Average Selling Price (THB./ton) 20,663 18,690 HRC Cash Margin (THB./Ton