$ 1.9B. Interest cost is expected to come down for year 2020, thanks to lower benchmark rates. Our net operating debt to equity went up to 1.35 times primarily due to the acquisition of Spindletop
EBITDA/t (US$/t)) 122 107 91 34% 105 86 22% Net Operating Debt to Equity 0.57 0.84 0.91 (37)% 0.57 0.91 (37)% Note: (1) Consolidated financials are based upon elimination of intra-company (or intra
Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 Item 1st Quarter 2019 2020 Number of New Equity Branches Opened (Branch) 7 1 Number of
: 02-0195000 Item 2nd Quarter 1st Half 2019 2020 2019 2020 Number of New Equity Branches Opened (Branch) 16 3 23 4 Number of Equity Branches at Period End (Branch) 129 155 129 155 Number of New Franchise
purchase order from big industry in first quarter of 2019 in an amounting of Baht 89.84 million. Almost of all revenue was gradually recognized since first quarter until this quarter. Moreover the Company
to recognized loss from diminution in value of inventories amounting of Baht 20 million. However, the Company determined the policy that focused on the management of raw material (CPO) by trying to
year 2022, cause some time the realized cost CPO used in production was higher than the Company’s product selling price approximately 8.00-10.00 Baht per Kilogram and the Company had to recognized loss
products returned to normal which led to dumping of VGA at significantly lower price, resulting in the Company recognized loss from the write-down of inventories to net realizable value. 4 I 9 In 2022, gross
and 10.5 thousand barrels per day net to OKEA respectively). In this quarter, impairment loss on technical goodwill has been recognized for Gjøa oil field acquisition following the lower gas prices
-bearing debt to equity ratio stood at 0.37 times, equal to the ratio at the end of 2018, Although the Company has higher interest-bearing debt amount, the Company also recognized higher retain earnings at