25.51 Net Profit Margin (%) 2.35 3.18 3.55 Current Ratio (Times) 1.43 1.51 1.28 Debt to Equity Ratio (Times) 1.81 1.48 1.76 Book Value per Share (Baht) 2.25 2.39 2.39 Net Profit per Share (Baht) 0.43 0.57

25.57 Net Profit Margin (%) 2.40 2.35 3.16 Current Ratio (Times) 1.43 1.43 1.40 Debt to Equity Ratio (Times) 1.79 1.81 1.89 Book Value per Share (Baht) 2.22 2.25 2.25 Net Profit per Share (Baht) 0.45 0.43

, the company’s financial position remains strong with low debt-to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 4 Operating

Ref. No. IVL 002/05/2020 12 May 2020 The President The Stock Exchange of Thailand Subject: Submission of Quarterly Review of Financial Statements and the Management Discussion and Analysis of

with the US stock and debt markets. 11 Moreover, our cooperative efforts with various partners are ongoing. Of note was “UGG: Global Long-term Growth Opportunity among Innovative Economies”, an event

) Interest bearing debt to equity ratio 1.21 1.03 Debt to equity ratio 1.35 1.16 Assets As of March 31, 2020, the Company and its subsidiaries had total assets of Baht 8,884.56 million increased from Baht

monitoring the financial debt to equity ratio to be in the appropriate level. 5. Income tax expenses were Bath 285.01 million, an increase of Baht 35.88 million or up by 14.40% as compared with the previous

88.09 million or 61.38%. This is because the Company repaid majority of short-term loan and debenture. As a result, the financing cost was reduced. As 30 September 2019, the Company debt to equity ratio

May 2019 at 0.165 baht per share. Return on equity (ROE) was 9.91% in 6M19 and net debt to equity ratio was 0.22 (Unit : Baht million) 30 June 19 31 DEC 18 Change Total assets 1,037.81 968.30 + 7.18

majority of short-term loan. As a result, the financing cost was reduced. As 31 March 2020, the Company debt to equity ratio (D/E) equal to 1.08 times. Page 3 Net Profit The Company net profit for the 3