declined from the contractions in vehicle sales in line with the weakened household income from lower income, employment and consumer confidence coupled with the already high household debt level

by temporarily prepaying loan, resulting in decrease in interest-bearing debt. In addition, interest rate of interest-bearing debt also decrease from last year. Net profit for Q4/2020 compared to Q3

outstanding balance of dividend payment of 516.47 million THB which will be paid to the shareholders in April 2018. As a result of the above reasons, the interest bearing debt to equity ratio and the debt to

and Metro Public Company Limited was refinanced long term loans for the Si Rat-Outer Ring Road Expressway Project with total of Baht 10,000 Million with floating interest rate by issuing debentures with

. Likewise, total equity stood at Bt.19,015mn, relatively unchanged from that as at the end of 2017. Capital Structure Net interest-bearing debt to equity stood at 0.61x At the initial stage of Singha Estate

financial institutions, the loan amount decreases 27.37% or 1,223.19 million THB i.e. from 4,469.27 million THB to 3,246.27 million THB. At the same time, long term loan for project development and business

bearing debt. Liquidity ratios are high at over 3 times current liabilities. Operating Cashflow (EBITDA) was THB 2,546m in 2019 26% lower than THB 3,420m in 2018. EBITDA was THB 2.5 billion in 2019 and THB

previous year. This is due to the increase in administrative expenses which are doubtful accounts and long-term employee benefits. Finance cost The financial cost for 2019 amounted to Baht 102 million, a

Company of Baht 38 million. The Company has maintained a low debt to equity ratio with steady growth in its shareholders’ equity from fund mobilization via the IPO and could generate retained earnings from

20 million due to improved debt collection process. 2. Property, plant, and equipment was decreased by 101 million mainly from land property disposal and depreciation of the year. 3. Leasehold and