operational efficiency and cost management especially in the Outdoor media business. Consequently, the gross profit was up 34.3% from THB 442mn to THB 593mn. Gross profit margin increased from 57.2% to 60.6

% Net profit margin (%) 4.58% 3.03% 1.55% Efficiency Ratio Return on equity (%) 4.24% 3.46% 0.78% Return on assets (%) 3.46% 2.75% 0.71% Financial Policy Ratio Debt to equity ratio (Time) 0.19 0.30 (0.11

million baht 4,929 5,516 6,714 %net profit change of (%) (10.65%) (17.84%) 12.97% Net profit margin (%) 10.00% 11.77% 14.30% Net profit to total revenues (%) 9.78% 11.58% 13.99% Efficiency Ratios Return on

café, better expense management and production efficiency in Q3/2019. 9M/2019 vs 9M/20189MQ3/2019 vs Q3/2018YoY 5. Net Profit and Net Profit Margin: 4. Administrative Expenses: Q3/2019 vs Q3/2018YoY

% 27.4% Net profit margin 0.1% 13.5% Efficiency ratio 31-Mar-19 31-Mar-18 Return on equity* 1.2% 7.6% Return on asset* 2.5% 6.6% Liquidity ratio 31-Mar-19 31-Dec-18 Current ratio (time) 1.06 1.35 Leverage

June 2019 G Steel Public Company Limited Page 2/12 service provider in late year 2018 however the Company invests in fixed asset in Q3/2019 to increase raw material handling’s efficiency. In addition

quarter, the company has controlled the selling and administrative expenses for more efficiency. However, the Company and its subsidiaries have set aside provision for additional employee benefits at the

– Jun’19, C-Vitt sales continued to grow and maintained market share at 22.5% further improved 558 bps YoY. This maintenance helped increasing the production efficiency and expand capacity, leading to at

of MACO. Cost-to-sales ratio, however, decreased from 41.6% to 39.0% primarily due to sales growth outpaced cost growth, improved operational efficiency and cost management especially in the Outdoor

efficiency. As a result, in the second quarter of 2018, has orders in many large projects, such as the Improved treatment system of 300 cubic meters per day project (from delivery 2 times), water system