first quarter ended March 31, 2019 with those of 2018. This report discusses principal changes in the reviewed consolidated financial statements. Overall market environment The Thai economy for the first
rate in 2009 following the Hamburger crisis. The Committee assessed that the Thai economy would expand at a lower rate than previously assessed and lower than its potential due to a decline in exports
standard for leases under Thai Financial Reporting Standards 16 (TFRS 16). 1.2 Investments in Joint Ventures and Associates increased by THB 59 million primarily due to share of profit from investment in
. Assets increased primarily from impact of the adoption of new financial reporting standards, the acquisition of a new subsidiary and the depreciation of the Thai Baht that affected the value of Company’s
/2019. 2/ Impact from the adoption of Thai Financial Reporting Standards 16 Leases (TFRS 16) since 1 January 2020 which caused higher depreciation and interest expenses (net after tax). Operating
goods sold to sales increased to 86.2% from 75.2% in Q2/2018, mainly due to financial statement adjustment in accordance with new Thai accounting standards, and higher cost per unit as a result of lower
policies. As a result, part of returns on investment was spent on corporate social responsibility activities. Quality Assessment of the Annual General Meeting of Shareholders Thai Investors Association has
Governance Project" of the Securities and Exchange Commission (SEC). An English version of the MD&A has been prepared from the Thai version. In the event of a conflict or a difference in interpretation between
environment The Thai economy for the year 2018 expanded as expected according to its potential. For the last quarter of 2018, the economy continued to expand largely from domestic demands contributed both from
THB 95 million due to; - Increasing of HRC price: the average selling price of HRC in Q3-2017 was THB 18,079/ton, increased by 3.9% as compared with Q2-2017 (THB 17,403/ton) according to HRC market