11.63% Other income 19.27 9.54 9.73 101.90% Selling and administrative expenses 107.06 93.90 13.15 14.01% Operating profit 457.27 403.89 53.38 13.22% Finance cost 41.60 33.63 7.97 23.69% Income tax

positively from operating performance and net negative working capital of Baht -110.43. Most negative in working capital was from the payment of trade creditors and financing the growth of account receivable

each operating segments for the year ended 31 December 2019 of the Company and its subsidiaries had changed from the previous period of last year as follows (1) Revenue from sales of program rights

Tolling Agreement. The Company has been seeking funds from an external source for working capital purpose and preparing to get ready to produce for own sale again and can resume the operation in early of

BOT’s Senior Loan Officer Survey indicated that in the second quarter of 2020, credit demand from business sectors improved from the previous quarter, due mainly to loan demand for working capital and

) (78) 19 (338) 87 Operating Cash Flow 240 249 258 (7)% 923 966 (4)% Net growth and investment capex2 (541) (119) (299) 81% (965) (622) 55% Net working capital on acquired /sold assets (35) - (30) 16% (57

,332 million, an increase of 20% from Baht 2,778 million as at 31 December 2017, mainly due to an increase in loans from financial institutions for the Company’s investments and working capital as well

) (83)% Income tax (45) (42) (17) 160% (161) (68) 135% Operating Cash Flow 385 261 222 73% 1,172 855 37% Net growth and investment capex2 (278) (363) (541) (49)% (2,147) (965) 122% Net working capital on

Global Green Chemicals Public Company Limited Management Discussion and Analysis | 1 Management Discussion and Analysis For the operating results of 1Q2019 Global Green Chemicals Public Company

financial statements for the 6 months ended June 30, 2019 as follows: Overview of Operating Performance Company and its subsidiaries had revenue classified by product category consist revenue from the