10.8% 5,591 10.4% 288 5.2% Normalized EBITDA 4,045 7.5% 5,597 10.4% (1,552) (27.7%) Normalized profit for the period 1,104 2.0% 2,439 4.5% (1,335) (54.7%) (1) Percentage margin is calculated by dividing

Profit 171.00 151.43 -19.57 -11.44 44.08 38.46 47.69 9.23 24.00 3.61 8.19 Gross Profit Margin (%) 17.57 17.79 0.22 1.25 18.04 18.09 22.09 4.00 22.11 4.05 22.45 Net Profit (Loss) 28.25 -19.88 -48.13 -170.37

, 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

, due to the increase in gross profit margin of 1.15 percent. The Corporate Group’s net earnings per share was Baht 0.12 per share, an increase from the same period of previous year by Baht 0.01 per share

Baht 76.71 million, slightly decreased from the same period of previous year by Baht 0.33 million or 0.43 percent, due to the decrease in gross profit margin of 3.59 percent. The Corporate Group’s net

from the acquisition of LQSF in Vietnam as well as consulting fees from other investment projects; 2) lower sales contribution of export pressuring net profit margin; 3) higher depreciation resulted from

, reduction of expenses and deferring unnecessary investment projects. Accordingly, the Corporate Group has been able to maintain good gross profit margin and achieve higher net profit. - 2 - (2) Analysis of

spinning reserve of capacity and have more capacity available for sales The result of this collaboration is to eventually enhance operating margin of our gas-fired combined cycle cogeneration projects. We

new flavors under Carabao Energy Drink Mandarin Orange. 2 Gross profits and gross profits margin Gross profits amounted to THB 1,003 million, rose by THB 125 million or 14.2%, representing gross profit

Group EBITDA 874 843 Group Net Profit (Loss) (432) 53 HRC Sales (k tons) 418 393 HRC Production Volume (k tons) 418 386 HRC Average Selling Price (Bht/Ton) 20,715 18,108 HRC Cash Margin (Bht/Ton) 482