for quarterly and half-year ratio analysis.

customers in certain industrial areas and will positively influence revenue into the second half of the year. Golden Lime Public Company Limited 4 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 MARCH

projects and is expected to transfer the ownership to its customers as well as recognize revenues in the second half of the year 2019. II Gourmet Food and Beverage Business In Q1 2019, the total revenues of

. Mobile phone and accessories distribution business Mobile phone and accessories distribution remain the core business of the group in terms of the proportion of total revenues. In the first half of the

Factory and were ready to use in second half of 2018 such as screw flight machine and powder booth system machine. 3. Finance costs Finance cost for the three month-period and six month-period ended June 30

profit margin of the Company was derived from the adjustment in production plan to reflect the slowdown in sales revenue during the first half which resulted in stable production cost including

institutions which are sufficient to complete the projects, and it expects to be able to transfer the ownership of all residences to its customers as well as recognize revenues in 2nd half of 2019. II Gourmet

financial institutions which are sufficient to complete the projects and is expected to transfer the ownership to its customers as well as recognize revenues in the second half of the year 2019. Windshell

are non-core products but tools to expand the Company’s brand awareness. However, the Company plans to implement pricing strategy on Carabao RTD coffee in the 2nd half this year onwards to boost demand

May 2020 • The net profit of the 1st half 2020 As of 30 June 2020, the Company D/E ratio is 1.61 times and the IBD/E ratio is 1.17 times, which is at an appropriate level.