to high domestic ethanol stock, and the increasing aggregate domestic production capacity. Natural Resources Business Group recorded soften performance though the Company still realized additional
set up the REIT (settlor) and will become a REIT manager; (2) in case of issuing additional new units, the applicant shall be the REIT manager to whom the trust instrument specifies power and duty to
statements comprise of the consolidated financial statements and the separate financial statements as compared with the financial statements for year 2016 ended December 31, 2016. The Company’s overall
statements comprise of the consolidated financial statements and the separate financial statements as compared with the financial statements for year 2016 ended December 31, 2016. The Company’s overall
reported EBITDA of THB 923 million, which was lower than previous year by 19% mainly due to the lower profitability of fatty alcohols from lower of feedstock price discount, and additional advisors expense
remains strong with low debt-to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 4 Operating Performance Exhibit 1 : Consolidated
31, 2018. Such financial statements comprise of the consolidated financial statements and the separate financial statements as compared with the financial statements for the first quarter of the year
separate financial statements of the Company as at March 31, 2017 (according to the consolidated financial statements of the Company, the Company’s current ratio and debt to equity ratio are 0.24 and 1.58
separate financial statements of the Company as at March 31, 2017 (according to the consolidated financial statements of the Company, the Company’s current ratio and debt to equity ratio are 0.24 and 1.58
Performance Exhibit 1: Consolidated Company’s Performance comparison of 4Q2019 vs. 4Q2018 vs. 3Q2019 vs. FY2019 vs. FY2018 Note: (1) Adjusted EBITDA refers to EBITDA excluding impact of Stock Gain/(Loss) and