by an increase in Retained Earnings. As at 31 December 2018, the Company’s Debt-to-Equity ratio was 0.69x, slighty decreased from 0.70x at the end of 2017 . Net Interest-bearing Debt-to-Equity ratio

28,533.4 mm as of 31 December 2017, mainly from increase in retained earnings as Company’s performance during this period. Cash flow analysis 2017 2018 THB mm THB mm Net cash generated (used in) from

shareholders’ equity was mainly caused by the Company’s retained earnings from the Company’s performance. Financial Ratio Financial Ratio As of December 31, 2018 Liquidity Ratio (times) 24.87 Cash Conversion

mainly from the debentures and loans from financial institutions of the Company and its subsidiaries. Net Profit The Company’s net loss in 2018 equaled to 277 million baht, or -2 percent, of earnings per

and 2017 respectively. Earnings per share was 2.37 baht in 2019 compare to 4.12 baht in 2018 and 3.95 baht in 2017 respectively. Assets and Liabilities Assets As of 31 December 2019, the company had

20.64 - 0.00% Retained earnings 74.52 80.98 (6.46) (7.98%) Other component of equity 81.85 1.07 80.78 7,549.53% Total parent’s equity 882.54 808.22 74.32 9.20% Non-controlling interests 314.36 80.62

and intense competition. Transaction For the Year ended 31st December Unit 2019 2018 Gross Profit Ratio % 10.90 14.58 Earnings Ratio % 0.19 3.15 Debt to Equity Ratio Time 0.30 0.27 Return on Equity

Company was recorded at THB 4,762.58 million. The minor drop in shareholders’ equity of 4.42 % was mainly due to declining retained earnings as a result of the recent dividend payment in May. Financial

) (98.65) 23.42 (122.07) (521.24) Earnings per share (Baht per share) (0.02) 0.01 (0.03) (521.23) Net Profit The company and subsidiaries realized net profit (loss) of the 1st quarter ended as of March 31

97.71 207.89 Earnings per share (Baht per share) (0.01) 0.01 (0.02) (207.89) Net Profit The company and subsidiaries realized net profit (loss) of the 2nd quarter ended as of June 30, 2017, of THB (50.71