(THB) 0.43 0.25 0.85 +0.19 (0.42) Core EBITDA/T ($) 94 92 115 2% (18)% Operating Cash Flow5 300 340 385 (12)% (22)% Net Operating Debt to Equity (times) 1.32 1.35 0.65 (2)bps +67bps * Integrated Oxides

by an increase in Retained Earnings. As at 31 December 2018, the Company’s Debt-to-Equity ratio was 0.69x, slighty decreased from 0.70x at the end of 2017 . Net Interest-bearing Debt-to-Equity ratio

share as of February 28, 2017. For nine month period of 2017, the Company recorded return on equity (ROE) at 19.0% and return on asset (ROA) at 3.6% and equity ratio of 18.6%. Debt to Equity ratio as of

-to-Equity ratio was 0.75x, increased from 0.69x at the end of 2018, while the Net Interest-bearing Debt-to-Equity ratio was 0.64x at the end of 1Q2019, increased from 0.58x at the end of 2018 mainly

15,822 million baht at the end of fiscal year 2017. Consequently, book value as of November 30, 2018 was 69 baht per share, increased from 62.9 baht per share as of February 28, 2018. Debt to Equity ratio

depressions in farm income and high level of household debt while inflation remains at a low level. Other key risks that need to be monitored are the slowdown in global economy especially the Chinese economy

consumption and impair household debt serviceability and (5) the sluggish investment demand due to uncertain macroeconomic outlook, tightening credit conditions, and the delays in government budget process. For

may lower farm income and 4) on going high level of household debt limiting household consumptions. Meanwhile, in the auto industry, the total number of car sales for the first five months of 2019 still

high level of household debt limiting household consumptions. Meanwhile, in the auto industry, the total number of car sales for the first six months of 2019 still showed an expansion with sales for the

and allowance for troubled debt restructuring amounted to Baht 10,853 million with outstanding Baht 4,500 million in general reserve. The total loan loss reserve to total mandatory reserve ratio stood