due to THB 531 million positive change in foreign exchange gain (loss) and higher operating profits. Past Performance Analysis Revenue Analysis Group Sales increased 5% in 2017 at THB 21,551 million

, 2018. The changes are described as follows: Assets Items that has significant changes Balance by Quarter Change Q1–19 Q4–18 Q1–19 VS Q4–18 (MB) (MB) % Cash and cash equivalent 1,072.3 1,265.8 (193.5

3,634.36 million. The reason was the operating result of the first six-month period of the year 2018 improved cash position by Baht 2,330.21 million, together with the change in operating assets and

EBITDA 50 41 Net Profit (Loss) (433) (311) H R C HRC Sales (k tons) 172,117 418,365 HRC Production Volume (k tons) 178,506 417,825 HRC Average Selling Price (THB./ton) 17,915 20,109 HRC Cash Margin (THB

of 2016 increased mainly due to the increases in selling and logistic expenses, following the increase in sales volume. However, the administrative expenses declined mainly due to the change of the

, which was, the government issued the Labor Protection Act (No. 7 ) B.E. 2019, prescribing the rate of severance pay that increased from 300 days to 400 days Such change resulted in an increase of the

increase in Ft rate. Q3/2018 Financial and Operating Highlights * ไม่รวมต้นทุนค่าเสื่อมราคาและค่าตัดจ าหน่าย Operating highlight in Q3/2018 Q3/17 Q2/18 Q3/18 Change +/(-) 9M/17 9M/18 Change +/(-) (THB

notable improvement of the performance in terms of revenue and cost-saving compared to last quarter. However, Overall performance on a year-over-year basis was affected by the change in structure of revenue

electricity consumption behavior change, influenced by disruptive technology. The objectives of the new PDP aim to strengthen security of power supply for each region, maintain appropriate costs of power

.  Cash Collection was 815 million Baht, increased 15.0 from the same period last year. This was slightly decline from Q4/2019 at 5.2% which usually is the highest season for cash collection. Summary of