million, increased by THB 0.61 million or +4.39% YoY due to the increase in profit before income tax expense. However, the growth rate of income tax expense is lower than the growth rate of profit before

5.5% 111.3 4.8% -21.2 -16.0% Total Assets 2,409.5 100.0% 2,310.3 100.0% -99.2 -4.1% Liabilities and Stockholders' Equity Bank Overdrafts and Short-Term Loans 60.0 2.5% 96.5 4.2% 36.5 60.8% Trade and

resulting in decreasing in debt to equity ratio. Furthermore, UWC was able to make a prepayment of the debenture by using proceed from the disposition transaction which helped UWC to decrease its interest

price was lower. This was effecting in decreased in number of shareholders’ equity by Baht 168.17 million. The operating result of the Company and its subsidiaries in the first half of 2018 showing a loss

in 2019 decreased 10.09% resulting from mix of lower cost structure products. Cost to revenue from sale of other products ratio was mostly from cost of operating wood chip in Cambodia which is

% resulting from mix of lower cost structure products. Cost to revenue from sale of other products ratio was mostly from cost of operating wood chip in Cambodia which is currently under temporarily nationwide

, mainly due to the lower electricity generation, compared to the same period of the previous year. Management Discussion and Analysis For the Three-month and Nine-month Periods Ended 30 September, 2019 Page

this quarter being a part of the low season and has entered the rainy season resulted in floods in many areas; the impact of such event caused utilization of vehicles and fuel consumption to be lower

assets 9. Property, plant and equipment 10. Intangible assets 11. Other assets Total assets Liabilities and shareholders’ equity (Unit:Baht) Consolidated The Company only ( 20..) ( 20..) (20..) (20

receivables 8. Others derivatives assets 9. Property, plant and equipment 10. Intangible assets 11. Other assets Total assets (Translation) -4- Liabilities and shareholders’ equity (Unit:Baht) Consolidated The