last year at 17.14% due to the declining in sales whereas depreciation was higher from machine acquisition and plant and equipment improvement expenditure. 3. The consolidated net profit margin was 1.3

the lockdown measures both in domestic and foreign, resulting in the resumed economic activity. The government expenditure continued to expand both in current expenditure and capital expenditure. Those

associated company can decrease the cost from this investment. From this joint investment, Thippayabadin Company Limited can growth in revenue and profit. So, Ramkhamhaeng will receive benefit come back in

specifically investment expenditure for the Telecommunication Infrastructure Project of Ministry of Digital Economy and Society has been expanded. Meanwhile, the government investment slowed down because the

in capital expenditure. However, external demand softened as the value of merchandise exports grew at a slower pace. (Source: BOT Press Release No.3/2020 on the Economic and Monetary Conditions for

6.35 263.45 0.77 795.64 792.27 0.43 Cost of goods sold 139.69 129.14 8.17 132.87 5.13 418.50 416.74 0.42 Distribution costs and administrative expenses Distribution costs 46.25 33.48 38.14 47.18 (1.97

synergies of the acquisition contributed to the growth in revenue while variable cost synergies (particularly on fuel specific consumption optimization) contributed positively to consolidated EBITDA

limited for the reason that the 2024 annual Government Statement of Expenditure has not yet been approved. It is expected that the government statement of expenditure approval will be completed in April

of Appraisal : Cost Approach Date of Appraisal : March 14, 2018 5. Share holding percentage of the companyior Prior to investment : none After investment : 32.37 % of the total issued and paid up

expenditures are at a high level. The government's capital expenditure expanded mainly in line with the disbursement of transport agencies. However, the overall performance of the company in Q2–2021 showed that