consolidated debt to equity ratio was 0.42 time, same level as 0.42 time as at December 31, 2018. As at June 30, 2019, the consolidated interest- bearing liabilities were THB 3,351. 40 million, decreased from
Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 201" Page 1 (Translation) 1. Significant events of the , nd quar ter of 2018 1.1 The Expansion of Electr icity and Stream
objective basis to specific investors (Private Placement) for purpose of increasing the liquidity and supporting the expansion of the Company’s core business, as well as investing in various projects; and the
Investment in Siam Gateway Co., Ltd. 24.50 1.88% calculated based on the total value of consideration basis 16 July 2019 Joint investment in food business expansion with Shanghai Kinghill Company Limited 5.03
full packaging business with enough space for expansion. 6 4. Details of acquired assets Details of WPS are as follows: 4.1 General information 4.2 The shareholding structure before and after acquisition
in 2018 was –3.5% , same level as in 2017, following continued handset campaigns. Cost & Expense In 2018, cost of service was Bt76,700mn increasing 15% YoY due to higher D&A and cost of the partnership
% battery electric vehicle, as well as after sales service, and will support the investment in Subsidiary company for marketing expansion, including another purchaser (investor) having a good relationship
considering more expansion of F&B business. The target revenue from food and beverage business is THB1,000mn within 2023. ( * source: Press Release no. 65/2019 from Bank of Thailand, 6 November 2019
low at 0.25 time, same level as at December 31, 2019. In summary, the Company had appropriate capital structure. GFPT Group Expansion Plan In the next 3- 5 years, the Company has planned to grow
36.3% YoY to THB 1,992mn, predominantly due to the increase in revenue from hotel operations as a result of the hotel portfolio expansion, together with revenue from the termination of hotel management