there was an increase in short-term financing facilities overall financing costs have reduced as the long-term loan is repaid. Income tax was higher due to an increase in the topline and a decrease in the

from 0.32 at end of 2018. This improvement was mainly due to a repayment of all short-term borrowing from financial institutions. The debt-to-equity ratio reduced to 0.38 at 30 June 2019 compared to 2.34

. The debt-to-equity ratio reduced to 0.40 at 30 September 2019 compared to 2.34 at the end of 2018. This improvement was mainly due to (1) the repayment of all short-term borrowings from financial

510 - 940 Million through the concession agreement period. Overview Operational Results In the first quarter of the year 2018, the Company had the net profit attributable to equity holders of the

liabilities 5,903 4,810 1,093 23% Non-current liabilities 461 619 (158) (26%) Total liabilities 6,364 5,429 935 17% Total Shareholders’ equity 2,506 2,720 (214) (8%) Liabilities As at 31 December 2018, the

(Unit: Thousand) Items 30 June 2017 31 December 2016 Increase(Decrease) Percentage Net Assets 6,129,846 5,820,498 309,348 5.31 Net Liabilities 1,248,590 999,424 249,166 24.93 Shareholders’ equity

6.11 Net Liabilities 1,312,974 999,424 313,550 31.37 Shareholders’ equity 4,862,277 4,821,074 41,203 0.85 Assets On September 30, 2017, the Company has total asset at in the amount 6,175.93 million Baht

66.8% YoY, and gross profit margin was 20.4%, decreased from 29.2% in 1Q17. • Total assetswas THB 12,187.2mn, an increase of THB 1,729.2mn • Debt to Equity ratio2stood at 0.79 times as of 31 Mar 2018

) Items 30 June 2018 31 December 2017 Increase (Decrease) % Net Assets 6,459,148 6,229,084 230,064 3.69 Net Liabilities 1,827,135 1,365,377 461,758 33.82 Shareholders’ equity 4,632,013 4,863,707 (231,694

-515.15 -25.01% Total Liabilities (Million Baht) 644.40 1,255.62 -611.22 -48.68% Total Shareholders’ Equity (Million Baht) 900.53 804.46 96.07 11.94% As at December 31, 2016, the Company and its