from Q1/2020 due to higher electricity dispatch corresponding higher water level and rainy season approaching and lower financing costs from lower interest rate. Nava Nakorn Electricity Generating Co

utilization rate to available capacity, and eventually a higher cost of goods produced and low margin. To offset a slowdown in orders, the Company reduced costs by obtaining better sources of raw materials

Net Debt/Equity Ratio 0.44 0.19 0.44 0.19 Leverage (Net Debt/EBITDA) 1.72 0.91 1.48 0.60 Note: 1) Net Debt = Interest bearing liabilities – cash and cash equivalent 2) Leverage Q4 uses annualized EBITDA

partners. Moreover, the Company’s other incomes increased by 5.48 million baht or 72.58% from the same period last year. This mainly came from gains from exchange rate and interest incomes from short-term

Margin (%) 2.33 2.40 2.50 Current Ratio (Times) 1.34 1.43 1.43 Debt to Equity Ratio (Times) 2.16 1.79 1.82 Book Value per Share (Baht) 2.16 2.22 2.34 Net Profit per Share (Baht) 0.46 0.45 0.12 Interim

Current Ratio (Times) 1.33 1.34 1.43 Debt to Equity Ratio (Times) 2.27 2.16 1.79 Book Value per Share (Baht) 2.11 2.16 2.22 Net Profit per Share (Baht) 0.40 0.46 0.45 Yearly Management Discussion and

are as follows; Operating Performance 1. Revenues Unit: Million Baht In general of the year 2017, the Company could generate total revenue with growth rate 6 percent that came from the growth of

at a slower rate than the same period last year. Supporting factors included an increase in private consumption from both the agricultural sector (driven by an increase in rice prices) and the non

Net Profit Margin (%) 2.40 2.35 3.13 Current Ratio (Times) 1.43 1.43 1.44 Debt to Equity Ratio (Times) 1.79 1.81 1.76 Book Value per Share (Baht) 2.22 2.25 2.31 Net Profit per Share (Baht) 0.45 0.43

, amount, conditions of transaction, interest rate, buying price, selling price, transaction or ultimate rental fee, together with the appraised value or the rental fee rate as appraised by an asset