Acquisition and Connected Transactions of the Company with respect to the acquisition of the Energy Recovery Unit from Thai Oil Public Company Limited and entry into the relevant agreements Global Power Synergy
financial position remains strong with low debt-to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 3 10% 90% 1Q2019 41% 59% 1Q2018 444 8
strong with low debt-to-equity ratio and high current ratio. P a g e | 3 - Management Discussion and Analysis 1Q2020 - 4,346 1,714 2,942 881 1,102 900 83% 17% 61% 39% 77% 23% 1Q2020 1Q2019 4Q2019 2,816
selling Dusit Thani Maldives and strong performance from investment in Epicure Catering Co., Ltd. Company’s financial position was still strong with the D/E ratio of 0.94 times which it was still under the
Covid-19 pandemic, which severely affected purchasing power and demand globally. Tourism sector faced a catastrophe, started heavily in March, after most of the countries announced travel restrictions
also affected by the weak purchasing power of consumers and the early rainy season. However, the Mega Home business has improved its operational cost management and has benefited from economies of scale
%. Another significant impact toward real estate business was the Bank of Thailand housing loan control measure (Loan-to-Value: LTV). The measure had direct effect on the consumers’ purchasing power. However
addition of solar power assets. On the liabilities side the short-term borrowing facility increased due to an increase in the amount of the trust receipt used to purchase petcoke however non-current
and within the established targets. Our net interest margin (NIM) equaled 3.43 percent – slightly higher than the preceding quarter. Our cost to income ratio rose marginally from the previous quarter to