of 2017, the Company’s associate, LH Financial Group Public Co.,Ltd., (“LHBANK”), issued new ordinary shares through a private placement to CTBC Bank Co.,Ltd, totaling 35.62% of the registered share
31.45 Profit before finance cost and income tax 26.93 24.65 2.28 9.23 Finance cost (2.76) (2.97) (0.21) (6.96) Profit before income tax 24.17 21.68 2.48 11.45 Income tax (4.83) (4.32) 0.51 11.75 Profit
% Share of loss of investments in associates (0.40) (4.43) (4.04) 1021.53% (2.01) (12.08) (10.08) 501.93% Finance costs (0.08) (0.13) (0.04) 47.96% (0.22) (0.34) (0.12) 55.67% Profit before income tax
of lower utilization rate; and 3) higher finance costs due to higher borrowings as a result of previous investments in machinery, subsidiaries, and joint ventures. However, there is an improvement
of 530 million baht or 2.12 baht per share, decreasing by 46% y-y. The financial performance can be summarized as follows. Overview The Thai economy in the first quarter of 2020 contracted by 1.8
to sales 8.5% 11.2% 9.6% 10.6% Finance costs 19 16 16% 52 43 22% Share of profit (loss) from investment in subsidiaries and joint ventures (1) (3) 60% (6) (15) 60% Tax (income) (13) (35) 63% (48) (57
expenses to sales 9.4% 11.4% 10.1% 10.3% Finance costs 18 15 19% 34 27 25% Share of profit (loss) from investment in subsidiaries and joint ventures (1.0) (5) 82% (2) (12) 79% Tax (income) (21) (19) (10
quarter of 2018 increased by Baht 7 million or 13% increase compared to that in the same period in 2017. II. Share of profit from investments in associates In the first quarter of 2018, the Company’s share