from the slow economic growth of trading partners, the protectionist trade policies between the US and China, the down-cycle of electronic products and also from the decline in global oil prices together

g e | 10 2020 Outlook 2020 definitely a very challenge year for our company and in tourism business which is on the verge of the world’s economic slowdown, the destabilization of international trade

for our company and in tourism business which is on the verge of the world’s economic slowdown, the destabilization of international trade underpinned by US trade policies, as well as the continued

% 30,557 8.2% Interest-bearing debt to equity (times) 1.8 1.4 1.5 ST investment 1,989 0.7% 1,845 0.5% Net debt to equity (times) 1.4 1.0 1.0 Trade receivable 16,277 5.6% 16,310 4.4% Net debt to EBITDA (times

9,067 3.1% 11,281 4.0% Interest-bearing debt to equity (times) 2.2 1.5 1.6 ST investment 2,221 0.8% 1,938 0.7% Net debt to equity (times) 2.0 1.3 1.4 Trade receivable 16,361 5.6% 17,198 6.1% Net debt to

last year as a result of declining global demand from the slow economic growth of trading partners, the protectionist trade policies between the US and China and the down-cycle of electronic products. In

expanded at a slower pace compared to the previous quarter, with merchandise exports contracting as global trade weakened, resulting in a decline in domestic industrial production. Meanwhile, tourism

energy, acquire and trade for all biomass plant, and biomass processing plant. Established Date : September 10, 2018 Registered Address : 8/6 Soi Pattanakarn 30, Pattanakarn Rd., Suanluang, Suanluang

same period last year as a result of the continuing decline in global demand from the slow economic growth of trading partners, the protectionist trade policies between the US and China and the down

Dang” in the major trade area of THB 58 million, a decrease of THB 4 million or 6.1%, (2) media advertising costs in various forms of THB 42 million, down by THB 26 million or 38.0%, and (3) the