the same period last year as some assets were depreciated and 49-day Thai Marble figures were included. Income tax expense in the first half of 2020 has decreased compared to the same period last year

Million Baht, accounting for 27.91% from last year because the impairment of gas depot and related assets in LPG trading business amounting of 22.48 Million Baht. Moreover, the Group has reclassified cost

proceeds from Rights Offering (“RO”) of THB 1,376mn. ASSETS ASSETS BREAKDOWN 31 DECEMBER 2017 30 SEPTEMBER 2018 (THB mn) % out of total assets (THB mn) % out of total assets Cash and cash equivalents and

given the new kiln was not activated. 3.2. Assets, Liabilities & Shareholders’ Equity The main contributors to the increase in total assets are from an increase in property, plant and equipment due to

% 7% 5% 7% Return on Fixed Assets (ROFA) 26% 29% 26% 29% Debt/Equity Ratio 1.41 1.34 1.41 1.34 Net Debt/Equity Ratio 1.11 0.81 1.11 0.81 Leverage (Net Debt/EBITDA) 2.80 2.25 2.80 2.25

constant for the rest of 2019. Income tax expense has decreased due to the lower net result. Net income was down significantly due to the reduced revenues and increased finance cost. 3.2. Assets, Liabilities

costs and lower EBIT as depreciation also increased by 3.7mTHB. 3.2. Assets, Liabilities & Shareholders’ Equity The main contributors to the increase in total assets are from an increase in property

limited for the rest of 2019. Income tax expense has decreased due to the lower net result. Net income was down significantly due to the reduced revenues and increased finance cost. 3.2. Assets, Liabilities

POSITION (THB mn) ASSETS ASSETS BREAKDOWN 31 DECEMBER 2018 31 MARCH 2019 (THB mn) % out of total (THB mn) % out of total Cash & cash equivalents and Current investments 653 15.9% 797 18.2% Trade & other

amortization decreased by 20.0% yoy to THB 112 million. This was due to some assets being fully depreciated, and the absence of depreciation of Dusit Princess Korat. Education Business In 1Q18, revenue from