economics’ slowdown is expected to continue in 2Q19 since the negative impacts remain unsolved. The global economic is expected to be pressured from an uncertainty of the USA-China Trade War. New government

by 4.3% due to trade payables, net of cash received of short-term loans and repayment of long-term loans. Total shareholders’ equity presented at Baht 1,842.5 million, decreased by 1.6% from the

Liabilities 1,357.5 1,392.8 (2.5) Total Shareholders’ Equity 1,806.8 1,873.1 (3.5) Current Ratio (times) 1.17 1.22 Debt to Equity Ratio (times) 0.75 0.74 As of June 30, 2019, total assets decreased by 3.1

its subsidiaries had a total asset by 730.3 MB which increased from December 31, 2018 by 27.6 MB as a result of the increase in cash and cash equivalents by 0.7 MB, the decrease of trade and other

valued Baht 18,297.5 million, as compared to the 2019, Baht 17,627.7 million, increased Baht 669.8 million as below detailed; 1. Cash and cash equivalent items increased Baht 215.0 million. 2. Trade and

liabilities 110,504,737 92,656,186 17,848,551 19.3 Total equity 101,122,885 90,560,079 10,562,806 11.7 Total assets Total assets were Baht 211.6 million, increasing +15.5% compared to as at 31 December 2020 as

were 8.34% of total sales, slightly increased from 8.24% in 2018. Share of Profit from Associated Company The consolidated share of profit from associated companies based on the equity method in 2019 was

contribute high gross margin; 4) marketing activities to help dry stock at trade stores and prepare for new packaging launch in Q3; and 5) increased administrative expenses from higher personnel expenses to

due to the 5 months consolidation of Trans.ad Group. SG&A to sales ratio decreased significantly from 33.5% in 2017 to 30.0% in 2018. Net profit attributable to the equity holders of the Company

December 2019 31 December 2018 Increased (Decreased) Percentage Liabilities and shareholders’ equity Current liabilities Overdraft and short-term bank borrowings 238.95 59.18 179.77 303.77% Trade and other