expansion. In total, the Group opened a total of 100 new branches, divided into 71 equity branches owned by the Group and 29 franchise branches both domestic and international. Most new branches were under

and axle. The Company and its subsidiaries procure finish quality product for sales as well as raw material for manufacture to quality product and sales. For the period of three months ended 30th June

length as per customers’ requirements. The Company and its subsidiaries therefore sold scrap and recorded as the other income. 1.3 Cost of goods sold Major cost of goods sold are cost of raw material such

transactions occurred during the 3rd Quarter 2017. GFPT Group has policy to mitigate risks from foreign exchange rate volatility, which occurred from export sale and raw material importation by hedging forward

of financial institutions and debenture together with minimizing the impacts from full loan guarantee provided to Power Plant business and its high debt resulting in decreasing in debt to equity ratio

- to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management’s Discussion and Analysis | 3 Operating Performance Exhibit 1 : Consolidated Company’s Performance UNIT

107 42% 132 97 36% Operating Cash Flow 240 249 258 (7)% 923 966 (4)% Net Operating Debt to Equity (times) 0.45 0.39 0.84 (46)% 0.45 0.84 (46)% 1Consolidated financials are based upon elimination of

of raw material increases. EBITDA in year 2018 and 2017 amounted THB 83.9 MB and THB 209.3 MB respectively. ZIGA INNOVATION PUBLIC COMPANY LIMITED 999/9,10,11 MOO 9 NAIKLONGBANGPLAKOD, PHASUMUDJADEE

ordown by15.35 %, but the percentage of gross profit margin changing from 50.78% to 51.88% due mainly to the efficiency of food waste control and raw material purchasing in term of better price and volume

to the efficiency of food waste control and raw material purchasing in term of better price and volume deal. Selling and Admin Expenses % Selling and admin expenses to revenue of Q2 2017 and Q2 2016