including utility bills and tax campaign which temporarily stimulated the private consumption. Nonetheless, inherent risks lay in structural challenges such as high household debt, delayed government budget

(THB) 0.43 0.25 0.85 +0.19 (0.42) Core EBITDA/T ($) 94 92 115 2% (18)% Operating Cash Flow5 300 340 385 (12)% (22)% Net Operating Debt to Equity (times) 1.32 1.35 0.65 (2)bps +67bps * Integrated Oxides

by the global manufacturing sector and the ongoing adoption of the Internet of Things (IoT) led to a stronger demand for products in key industrial sectors, particularly in electronics and electrical

plain vanilla ที่เรียกวา “ASEAN Debt Securities Disclosure Standards” เพื่อสนับสนุนการเสนอขายตราสารหนี้ระหวางประเทศ ในภูมภิาคอาเซียน ซ่ึงมีแนวทางสวนใหญอางอิงตาม “IOSCO International Disclosure

. Continued elevated levels of household debt will likely contribute to a contraction in private consumption, while private investment is also expected to fall as the business sector delays investment in order

LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q3/2017 2 2. Economic Situation The Thai economic activity in the third quarter of 2 0 1 7 continued to expand. Export–oriented manufacturing businesses

EBITDA/t (US$/t)) 122 107 91 34% 105 86 22% Net Operating Debt to Equity 0.57 0.84 0.91 (37)% 0.57 0.91 (37)% Note: (1) Consolidated financials are based upon elimination of intra-company (or intra

in quarter 3/2020.  Revenue from manufacturing and service of 419.16 million baht as 227.84 million baht decreased or 35.21 percent when compared to the same period of previous year of 647 million

details: Revenues Structure 1. The revenues of manufacturing and distributing of Food Ingredients that are classified into 6 categories as the followings: 1.1 Flavour, Fragrance & Color 1.2 Food Coating 1.3

. Exports, a key driver of the manufacturing sector, contracted at an accelerated pace compared to the first quarter. Additionally, manufacturing output also continued to falter in the same period. More