land with a building worth 125 million baht to expand its production area, warehouse and delivery. The building is still in the process of preparing for readiness to use in the next phase. 2.1.4

equipment due to Hui Pa Wai Kiln 7 being activated and the additional assets from the Saraburi Quicklime acquisition. On the liabilities side the short-term borrowing facility increased due to the use of a TR

ณ 31 ธันวำคม 2561 และ 31 ธันวำคม 2560: อัตรำส่วนทำงกำรเงินที่ส ำคัญ Note: 1) Net Debt = Interest bearing liabilities – cash and cash equivalents 2) Leverage Q2 and FY use annualized EBITDA 3) ROFA

COMPANY LIMITED Management Discussion and Analysis of the Company’s Performance for the nine-month period ended September 30, 2019 During the period, one of the major customers had changed a method of

equivalents 2) Leverage Q2 and FY use annualized EBITDA 3) ROFA = (Net profit + Depreciation)/ Average (Q4 2019 and Q4 2018) of property, plant and equipment Mr. Geza Perlaki Mr. Krishnan Subramanian Aylur

14.5 percent due to repayments of loan during the year and temporarily prepayment of loan using unutilized proceed from IPO which pending to use as capital expenditures of power plant projects under

distribution channels and use of business strategy, namely “Complete Set of Beauty, Entirely Filled with Diamond Brand”, as well as effective cost management having resulted in Corporate Group achieving highest

Disability Foundation, Foundation for Children Disability and Association of Persons with Physical Disability International. The Company was selected as one of the ESG100 securities companies of the year 2019

3.27 million Baht which was one-time expense whereas there was no the expense in this year.  Finance Cost Financial cost increased by 2 million Baht; 1 million Baht from the Company. In the previous

million or 63.0% as a result of in the first six months of 2016 the other income was recorded for the received compensation according to the judgment of the Supreme Court from a one company made damaged in