& Shareholders’ Equity Current assets have decreased largely due to reduced inventory predominantly fuel as it is used in production. Non-current assets have decreased in line with depreciation with no major

the decrease in fuel consumption. Management Discussion and Analysis For the 1 st Quarter Ended 31 March, 2018 Page 7 3.3 Analysis of Equity As at March 31, 2018, equity was Baht 62,849.62 million

762 (251) -32.9 Share of profit from investments in associates, net - 106 (106) -100.0 NCI (3) (9) 6 66.7 Profit attributable to Equity holders of the Company 508 859 (351) -40.9 Basic earnings per

. Net income in the first half of 2020 was up 15% compared to the same period last year 3.2. Assets, Liabilities & Shareholders’ Equity On May 13, 2020, the Company acquired 99.79% ordinary shares of Thai

, Kamphaeng Phet - Lampang will be capitalized in the projects' cost then would be amortized over the lifetime of the projects. 1.3 Operating Results Net profit attributable to the Equity of the Company in 2019

share of net profit from investment by equity method and gain from currency exchange. The hotel business accounted for 86.5% of total revenue. Hotel management business accounted for 2.6%. Educational

would be amortized over the lifetime of the projects. 1.3 Operating Results Net profit attributable to the Equity of the Company in Q1/2020 has amounted to Bt154. 5 million, a decrease of Bt193.4 million

Period (Day) 58 58 66 CASH CYCLE (Day) 9 14 18 PROFITABILITY RATIO Gross Profit Margin (%) 8.57 7.82 10.37 Net Profit Margin (%) 4.61 3.56 5.94 Return on Equity (%) 6.03 5.01 8.05 EFFICIENCY RATIO Return

1,223 Unit : million Baht 30-Sep-18 31-Dec-17 Total Assets 30,469 32,172 Total Liabilities 19,347 19,781 Total Equity 11,122 12,391 Gr ou p HR C Gr ou p บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public

companies based on the equity method in 2018 was THB 71.13 million, decreased by THB 200.89 million, or 73.85% down from 2017 mainly from GFN’s loss contribution was THB 70.98 million, decreased by THB 171.05