fixed cost. The Group’s gross profit margin was 23.6 percent which decreased by 0.7 percent. For the company only, gross profit margin was 23.6 percent which increased from the prior year by 1.0 percent

include both fixed and variable expenses in related to total revenue from sales in according to business plan. Sponsorship fees for international football clubs including Chelsea Football Club Limited (CFC

fixed cost. The Group’s gross profit margin was 23.6 percent which decreased by 0.7 percent. For the company only, gross profit margin was 23.6 percent which increased from the prior year by 1.1 percent

the Sellers and is mainly determined by a methodology for assessing value of shareholders’ equity according to the ability to generate profit and cash flows to the Company in the future (Discounted Cash

directly and indirectly total of 46.00% of the total paid-up capital of GS (This amount is included the amount of additional share purchase in case that GS can proceed and earn a fixed amount of earinings

Efficiency Ratio Return on Assets (%) (0.3) 1.5 Return on Fixed Assets (%) 8.1 15.8 Asset Turnover (Time) 0.4 0.5 Leverage Ratio Debt to Equity (Time) 1.0 0.9 Interest Coverage Ratio (Time) 1.1 1.9 27 ASIA’S

, the company’s financial position remains strong with low debt-to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 4 Operating

Assets (%) (0.2) 5.0 Return on Fixed Assets (%) 8.0 36.7 Asset Turnover (Time) 0.5 0.5 Leverage Ratio Debt to Equity (Time) 1.0 0.9 Interest Coverage Ratio (Time) 1.3 3.4 24 ASIA’S BOUTIQUE AIRLINE

Efficiency Ratio Return on Assets (%) 0.4 1.4 Return on Fixed Assets (%) 11.0 15.5 Asset Turnover (Time) 0.5 0.5 Leverage Ratio Debt to Equity (Time) 1.0 1.0 Interest Coverage Ratio (Time) 1.3 1.2 26 ASIA’S

Return on Assets (%) (0.6) 2.1 Return on Fixed Assets (%) 6.6 18.3 Asset Turnover (Time) 0.4 0.5 Leverage Ratio Debt to Equity (Time) 1.0 0.9 Interest Coverage Ratio (Time) 1.0 2.1 27 ASIA’S BOUTIQUE