, communication system works due to the most work delivered. The revenue from sale business of the 1st quarter of year 2019 Baht 57.10 million was decreased of Baht 246.63 million or 81.20% from the revenue from

: Quarterly results  In Q3/2017, the Company and its subsidiary recorded total sales of Baht 1,500 million, a decrease of 15% YoY due to the slowdown in domestic branded and export CMG sales. However, export

: 1.1 Current asset as at December 31, 2017 amount of Baht 170.35 million decrease by Baht 50.76 million or 22.96%, due to cash and cash equivalents decrease Baht 31.32 million, current investment

Microsoft Word - MDA_E ไตรมาสที่ 2-2560.doc Management Discussion and Analysis: MD&A 1. Company Situation Revenue from the waste treatment business for Q2/2017 has slightly improved due the acquiring

deferred tax assets from the provision of allowance for doubtful accounts. Other non-current assets increased by 41.5 MB or representing an increase of 84.2%, mainly due to the project maintenance fee, which

project of Carbon Credit trading and Economic Teak Plantation. Other non- current assets decreased by 20. 7 million baht or a decrease of 22. 1% , due to the receiving a refund of the performance guarantee

million, an increase of 3% from Baht 885 million as of 31 December 2019, mainly due to other components of equity increment. 5. Liquidity and Capital Resources Current Ratio As at 31 March 2020, the Company

2019 31 December 2018 Increased (Decreased) Percentage Assets Current assets Cash and cash equivalents 76.25 212.68 (136.43) (64.15%) Short-term investments - 59.90 (59.90) (100.00%) tel:02-455-2888

was at 4.4%, increasing 1.3% due to sales increased amount of Baht 66 million or 18.4% while cost of sales increased amount of Baht 55 million or 20.0%. As a result, gross profit increased amount of

31 December 2018, mainly due to net loss performance. 5. Liquidity and Capital Resources Current Ratio As at 31 December 2019, the Company and its subsidiaries recorded current ratio of 0.64x, a