raw materials derogation amounting to THB 2,004 million net of tax income from deferred tax assets amounting to THB 84 million. Global Green Chemicals Public Company Limited Management’s Discussion and

of the previous year were as highlighted below; Separate financial statements (Unit : Million Baht) Q3/2 019 Q3/2 018 % Chan ge 9 Month 2019 9 Month 2018 % Chan ge Sales and Service Income 533 451 18

Foods Co., Ltd. 2.2 Novotel Chumporn Beach & Golf invested by Thai Flavour and Fragrance Co., Ltd. Operating Results Statement of Comprehensive Income For the 3 Months period ended 31 March Change (MB

net profit increased by Baht 172 million or 23% even though the company did not receive dividend income from Ratchaburi Power Company Limited (RPCL) as in Q1/2017. The increase in net profit is mainly

steel production control. Chart of world steel production capacity utilization, ending 31 December 2017 Source: World Steel Association The main raw materials (Pig iron, shredded scrap) the price movement

countries do not adequately use effective measures for steel production control. Chart of world steel production capacity utilization, ending 31 December 2017 Source: World Steel Association The main raw

Revenue 188 264 40% 620 938 51% Cost of Sales (76) (98) 29% (265) (346) 31% Gross Profit 112 166 48% 355 592 67% Other income 3 6 100% 8 15 88% Selling and Distribution Expenses (57) (82) 44% (213) (289) 36

2,286 3,790 66% 110% 3,588 6,076 69% Other Income Other Income 100 127 201 58% 101% 201 328 63% Total Revenue 5,123 7,189 14,070 96% 175% 10,014 21,259 112% Cost of Raw Materials Natural Gas 3,219 4,562

Income 74 201 201 0% 172% 224 529 136% Total Revenue 5,120 14,070 14,594 4% 185% 15,083 35,853 138% Cost of Raw Materials Natural Gas 3,365 8,314 8,600 3% 156% 9,616 21,476 123% Coal n/a 762 918 20% n/a n

Received for Rental Income from Associate 7.85 0.05 7.85 0.05 7.85 0.05 Current Portion of Long - Term Loans 283.32 1.89 208.32 1.29 66.70 0.38 Other Current Liabilities 60.75 0.41 164.36 1.01 165.39 0.95