lower to 32.2% from 39.1% in the corresponding period due to higher production costs i.e. sugar, packaging materials, energy cost and the employees’ remuneration packages which increased as a result of

turnover for the six months ended June 30, 2017.  As a result of the foregoing, net interest-bearing debt to equity ratio improved from 4.1 times as of December 31, 2016 to 3.7 times as of June 30, 2017

and the employees’ remuneration packages which increased as a result of our growing headcounts and upward adjustment of based compensations in accordance with our human resource policy. This was also

investment of these two subsidiaries and realized gain from joint venture investment in totaling of 8,856.6 Million Baht. As a result, the Company recorded net profit of 5,492.5 Million Baht PAGE INDEX

revenue for the same period of last year. The positive impact is a result of more projects awarded in 2017 leading to more negotiation power and efficient cost management. 1. Business Performance Analysis

in the investigation process. In addition, the administrative expenses had been increased as a result of a provision and an amortization of non- refundable deposits amounting to Baht 42.73 million due

8 months of 2017 resulted in a drop in China’s steel export. Rising trend in prices of flat steel in East Asia in Q3/2017 Source: Steel Business Briefing As a result, the company reported better

million * 51.30% *28.57%/ Baht 1,497.86 million = 0.95% From the above table, the net profit basis shows the highest result, that is, the transaction size is equal to 30.24%., which is classified as

of comprehensive income in amounting of 7,113 Million Baht. As a result, the Company recorded net profit of 3,915.3 Million Baht Note : The key assumptions for the valuation of Pace Project One Co

. SG&A to sales ratio decreased significantly from 38.3% in 2016 to 31.3%. As a result, net profit attributable to the equity holders of the Company increased by 116.5% to THB 221mn from THB 102mn last