the global market. Meanwhile, the demand for stainless steel started to increase as the country's economy began to grow steadily as the result of the export sector, private consumption, tourism sector

at 3.50%, which will be used for capital expenditure and working capital. PERFORMANCE BY BUSINESS Rental Properties Business Q2 2016 Q2 2017 Increase/(Decrease) THB mm THB mm THB mm % Revenue 416.7

last year due to long term loan and working capital. (8) Share of profit (loss) from investment in associated company and joint ventures In the third quarter of 2018, the Company recognized the profit

hardline (Non-food) stores around 90% of total stores in accordance with the government requirement since 22 March while food business such as Central Food Hall, Tops Market, Tops Daily, and FamilyMart

was thus reduced to 29% in 2019 as compared to 37% in 2018. To regain the market share and reduce imports, the Company had to resort to very competitive pricing which impacted the EBITDA adversely

and postponement of activities were enacted, following the passing of His Majesty King Bhumibol Adulyadej. During 9-month 2017/18, TV sector having the highest market share at 64.4% fell 7.9% YoY to THB

activities. Overall Domestic HRC market conditions remained subdued with downward pressure on HRC prices due to global trade tensions, high levels of imports and slowdown in Thai economy. While various

“Dusit Philippines Corporation” with the with the registered capital of USD 0.352 million or Baht 10.91 million by 2Q20. In order to complete this investment, the Company has to follow the condition stated

and Trading Business Group recorded an average production rate of 109.35 KBD, a level adjacent to plan, Market GRM improved from the previous quarter, while Total GRM declined, primarily due to the

Q1-2017 (THB 18,695/ton) due to the decrease in HRC market price worldwide and a stagnant of Thai economy in the first half of 2017 causes a lower demand of steel consumption. Management’s Discussion