was a result of recognizing gross profit from 3 of GLOW’s IPP plants for the full quarter which increased by Baht 766 million (Q1/2019 GLOW gross profit was recognized for 18 days). • The gross profit
amounted to THB 3,787 million; with total liabilities of THB 3,376 million; and total equities of THB 9,708 million. In this regard, the company financial position remains strong with low debt- to-equity
Residence Marina, United Arab Emirates. In June 2019, the Company sold long term investment in Saladaeng Property Management Company Limited which the Company recognized the gain from sales on investment of
. As a result, the Company recognized gain on bargain purchase from such transaction in the amount of THB 269.92 million. 2.7 The effect of exchange rate of the Company and its subsidiaries In the year
than 5 percent of its shareholders’ equity or litigation case which may have material effect to its business operation or which is not caused by the company’s ordinary course of business. 13. Asset
financial position remains strong with low debt-to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 3 10% 90% 1Q2019 41% 59% 1Q2018 444 8
sales recognized of Baht 87 million from Long Quan Safe Food JSC (LQSF) a new subsidiary in Vietnam since 27 April 2018 However, domestic CMG grew from both new products and some existing products
due to lower prices. Net debt to equity is at 0.99 times, well below IVL’s covenants, and supported by stronger operating cash flow. The dividend payout of THB 1.225/share for 2019 remains higher than
(THB) 0.43 0.25 0.85 +0.19 (0.42) Core EBITDA/T ($) 94 92 115 2% (18)% Operating Cash Flow5 300 340 385 (12)% (22)% Net Operating Debt to Equity (times) 1.32 1.35 0.65 (2)bps +67bps * Integrated Oxides