, the adjusted net income, the net profit attributable to the company that excludes the ‘fair value of intangible assets from the acquisition of GLOW was at Baht 2,383 million, increased by Baht 410
74,000 Million Capital Increase and Progress on Tender Offer to Delist GLOW Note: 1. Adjusted Net Income is the net profit attribute to the company that excludes the fair value of intangible asset from the
Company Limited Page 10/10 G Steel Public Company Limited and its Subsidiaries Statements of comprehensive income Consolidated financial statements As at 31 December + ( - ) % 2019 2018 (in Baht) Profit
improving overall gross profit margin, the declining selling and admin expenses which compensating the higher financial expenses and corporate income tax expenses as mentioned above. In 1H/2019, net profits
EBITDA increased from Food and Other Businesses whereas the net profit affected from every business except food, together with the additional interest expenses on short- term loans and income tax expenses
" 20.2 1 3 20.3 (1) (2) (3) 10 (fluctuation) . . . 15 (4) (5) 3 (credit line) 90 . . . 90 . . . 20.4 FATCA P a g e 56 | ( ) KTFFE86 86 Krung Thai Fixed Income FIF Enhanced86 Not for Retail Investors
% % Administrative Expenses to Sales** 10.6% 9.6% - 10.6% 8.8% Finance Costs 17 6 +184% 60 22 +171% Share of profit (loss) from investments in JV (0.1) (11) +99% (15) (22) +34% Tax expenses (income) (48) (15) -231
-operating income and expenses 291 339 543 87% 60% 608 1,054 74% Shares of profit of associates and joint ventures 138 110 638 363% 482% 374 680 82% Income tax expenses (129) (284) (314) 143% 11% (205) (851
due to the increase of other income and administrative expense. Earnings before Interest, Corporate Income Tax, Depreciation and Amortization (EBITDA) EBITDA in 4Q19 was Baht 472 million, increased by