weaker from protectionist trade policies between US and China and effect of Baht appreciation, which affected to export sector and industrial sector, especially in electronic components manufacturing

Baht appreciation, affected to production competitiveness that manufacturers made decision to shift production base or import materials from foreign. Similarly, private investment sector and employment

and its subsidiaries In the nine-month period of the year 2017, the Company recorded gain on exchange rate of Baht 481.67 million mainly due to the appreciation of the AUD Currency in the nine-month

44%yoy), attributed to the lower profitability of Methyl Ester due to the lower feedstock price discount when the CPO price was weak and the impact from the appreciation of the THB, in which the THB

value in AUD currency. In contrast, the Company recorded gain on exchange rate of Baht 48.02 million in the 2 nd quarter of 2017 due to the appreciation of AUD currency in relative to USD currency

an impact from the THB appreciation against USD; in which the THB was appreciated from 33.1 THB/USD in Jul 2018 to 32.4 THB/USD in Sep 2018 (2% appreciation). Consequently, the company posted net

currency. In contrast, the Company recorded gain on exchange rate of Baht 200.65 million in the 3 rd quarter of 2017 due to the appreciation of AUD currency in relative to USD currency, resulting in the

contrast, the Company recorded gain on exchange rate of Baht 38.03 million in the 1st quarter of 2019 due to the appreciation of AUD currency in relative to USD currency, resulting in the increase of asset

repayment of short-term loan of Baht 304 million. (2.7) Financial Ratios Financial Ratios As at June 30, 2017 As at December 31, 2016 Current Ratio (Times) 1.24 1.02 Quick Ratio (Times) 0.69 0.51 Cash flow

As at December 31, 2016 Current Ratio (Times) 0.93 1.25 Quick Ratio (Times) 0.46 0.61 Cash flow Liquidity Ratio (Times) 0.72 0.66 Account Receivable Turnover Ratio (Times) 7.76 7.61 Average Collection