position. Besides, shareholding portion in subsidiary reduce because GJ Steel increase registered capital which lead to the increase in number of shares, hence, the Company shareholding portion decrease

subsidiary reduce because GJ Steel increase registered capital which lead to the increase in number of shares, hence, Management’s Discussion and Analysis (MD&A) for year 2017 13 the Company shareholding

million come from the impairment of investment in subsidiary (GJ Steel). Such impairment is based on performance and financial position. Besides, shareholding portion in subsidiary reduce because GJ Steel

2018. As per ISIT the Domestic capacity utilization was thus reduced to 29% in 2019 compared to 37% in 2018. To regain the market share and reduce imports, the Company had to resort to very competitive

paid in advance and such amounts will be repaid when termination consented by lessor. These agreements can be renewed in every 3 years with a market adjustment rental fees at that time. 3. Company

the refundable Vat from the Revenue Department. In addition, the advance payment made for purchasing assets and animals decreased from 160.51 million Baht in 2017 to 69.99 million Baht in 2018

operating results Quarter 1 Ending March 31, 2017 with details as follows: Unit : million baht Revenue For the year ended March 31, 2017. 2017 2016 Add (Reduce) Amount Percentage Service revenue 329.23 160.55

book value and near market value Payment term By cash with 90 days of credit term The reason In order to reduce outstanding of unused equipments and create maximum benefits for the Company and its

liability as of December 31, 2018 with amount of 10.84 million baht decrease by 22.07 million bath or 67.06% increase, as a result of long term loan from foreign countries which reduce by 24.62 million baht

in less profit margin compare to Quarter 1 of the year 2018 which is reduce by 5.37 million baht or reduce by 186.46%, due to the higher of Grade B products in standard production of sacks with the