Nikaho and Nagi projects were sold to the Infrastructure Fund of Japan in late September 2018, lowering the total electricity generation from the same period of the previous year. This quarter, the share
termination of tolling and repayment of short-term loan USD 20 million from the cash received from Right-offering received in previous quarter. • Net gain from exchange rate The Company had recorded gain from
Results Analysis on Previous Operation According to the economic situation in 2016, the capacity and sales of automobile and motorcycle manufacturing industry which is the main business unit of the Company
comparing to the same period of the previous year. Mainly due to the good gross margin gained from the metal products, especially the automotive exhaust pipes. In this quarter, the company put more controls
of 2019. For second quarter of 2019, the price of pig iron tends to increase while scrap price continue to decrease from the previous quarter. Thus it will become more challenging for the global steel
months in the same period of previous year in an amounting of Baht 91.95 million or 54.85 percent and increased from 6 months in the same period of previous year in an amounting of Baht 128.36 million or
resulted from reduction in working capital due to termination of tolling and repayment of short-term loan USD 20 million from the cash received from Right-offering received in previous quarter. Gain from
million baht from the same period of the previous year. This is due to the loss in operating results of a subsidiary company who is the exhaust pipe manufacturers in the automotive industry, it sales have
to the same period of the previous year. The main reasons was the weaken sales due to the impact of trade wars that have the broad impact on global supply chain and through Thailand's exports. As such
Management’s Discussion and Analysis (MD&A) For Q2/2017 GSteel 3 Executive Summary In the second quarter of 2017, the company has HRC sales of 127,385 tons which is the same level as previous quarter. The