, the company’s financial position remains strong with low debt-to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 4 Operating
net profit of THB 2,902 mn, an increase of 2.8% YoY despite higher financing cost from additional interest-bearing debt following the acquisition of GLAND in September 2018. CPN has nevertheless
higher share of profit from joint ventures and associated companies, despite incurring higher financing cost from additional interest-bearing debt following the acquisition of GLAND in September 2018 and
necessary and appropriate for the above matter. At present, the Company has reached an agreement with TSEO and enters into share purchase agreement and share subscription agreement to dispose up to 40% shares
related thereto with TSEO and the power to perform any acts which are necessary and appropriate for the above matter. At present, the Company has reached an agreement with TSEO and enters into share
end of 2017. The Company’s debt to equity ratio was 1.59 times while the interest bearing debt to equity ratio was 1.29 times. Management Discussion and Analysis Q1/2018 Page 4/4 JAS Asset Public
from 1. the group recovering bad debt in 2017 of Baht 3.62 million which led to a decrease in expenses in 2017. However, there was no recovered bad debt in quarter 1/2018. 2. Increase in staff expenses
customers, has been pressured by high household debt. Therefore, spending expenses are carefully controlled. Notwithstanding, the entrepreneurs in retail industry have to adjust themselves to increase the
priority to maintain interest-bearing debt to equity ratio in an optimal level. At the end of the year, interest-bearing debt to equity ratio was 1.17. During the past 3 years, MK Group was able to improve