, the company’s financial position remains strong with low debt-to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 4 Operating

changed in revenue and net profit compared with same period of last year as follows: Statement of Comprehensive Income (Unit : Million Baht) Details 31 Mar 2020 31 Mar 2019 Increased (Decreased (%) Revenues

company to recognize loss from revaluation of investments in debt securities, which measure fair value Into the income statement, resulting in increased financial expenses this year Corporate income tax

of THB 754 mn and net profit at THB 85 mn). The difference versus GLAND’s reported statement of comprehensive income mainly comes from the investment properties that the Company recorded at the time of

has higher interest-bearing debt amount, the Company emphasizes on the importance of effective management of its capital Table 2: Summary of Profit & Loss Statement 2Q 1Q 2Q YoY QoQ 6M 6M YoY 2019 2020

statement dated December 31, 2019 (Unit : Million Baht) Total Asset 337.74 Intangible Asset 13.59 Total Debt 109.51 Minority shareholders 10.79 NTA 203.85 Net profit 2019 (16.76) Criteria used in the

and intense competition. Transaction For the Year ended 31st December Unit 2019 2018 Gross Profit Ratio % 10.90 14.58 Earnings Ratio % 0.19 3.15 Debt to Equity Ratio Time 0.30 0.27 Return on Equity

of the Thai baht and the intense competition which caused the exports to shrink from the previous year. Domestic consumption was also affected by high living expenses and household debt, as well as the

14,329.7mn, an increase of THB 3,871.8mn from the previous year • Net debt to Equity ratio3 as of 31 December 2018 equals 0.96 times Operating result Q4/18 and 2018 Revenue and Backlog2 Source of income (Unit

and the Diplomat 39 which is a project purchased for sale • Net debt to Equity ratio2 as of 31 March 2019 equals 0.84 times Changes in accounting policy and reclassification in 1Q/19 During the three