expansion. The company explores the opportunities and assesses the risks from all perspectives, for the potential projects to reach the optimal returns at the manageable level of risks. For the 100 Megawatt

lower Availability Payment of GHECO-One according to the payment structure of the PPA with EGAT. Gross profit of Houay Ho Power Plant (HHPC) also decreased as a result of lower water level in the

consumption across the world, attributed to the COVID-19 outbreak. Furthermore, domestic demand for fuel consumption declined leading the refinery to lower its production level to an optimal levels, average

Company. Besides, KMM is the same-level-subsidiary to the Company and the connected person of NMG. Therefore, NMG and KMM are considered the connected persons in accordance the Notification of the Capital

Ratios Debt to Equity times 0.42 0.42 0.45 Interest coverage times 531.88 227.59 95.03 Dividend payout (%) 55.85%* 55.65% 67.84% * Pending for approval from the 2019 annual shareholders’ meeting Operating

decrease of 9.2% from 2018 and 4.4% from 2017 respectively. The Debt to Equity ratio of 0.40 times in 2019, a drop from 0.42 in 2018 and 2017, is at a level signifying reasonable capital structure and low

and its subsidiaries increased. Comprehensive net income also improved substantially with high level gross margins. While selling expenses decreased in the current year by comparison to the same quarter

months 145 160 3 - 6 months 67 30 6 - 12 months 13 27 Over 12 months 11 11 Total 509 455 Allowance for doubtful debt 6 7 LIABILITIES AND SHAREHOLDERS’ EQUITY LIABILITIES AND EQUITY BREAKDOWN 31 DECEMBER

contribution to the good performance of the Company and its subsidiaries. In terms of net profit, the gross margin was maintained at the good level of the metal product segment, especially in the exhaust

of city shutdown measures both at home and abroad Which results in more economic activity to be carried out the indicators for private consumption have returned to the same level as the same period