shareholders; 2. being unlikely to be able to protect shareholders’ rights by allowing any person to receive financial gain beyond what should be received normally or by causing the company to lose a benefit
and satisfactory operating performance allowed KBank and K Companies to meet business targets and at the same time gain wide acceptance and recognition at home and abroad, as reflected in the numerous
into the Asset Sale and Purchase Agreement with Thai Oil and the payment of the purchase price after both companies obtained the approval of their shareholders’ meeting, in the 2019 Annual General
interviews with the Company’s managements ▪ Information and documents obtained from the Company In addition, the IFA’s opinion was based on the following assumptions: ▪ All information and documents provided
into the Asset Sale and Purchase Agreement with Thai Oil and the payment of the purchase price after both companies obtained the approval of their shareholders’ meeting, in the 2019 Annual General
654 252 651% (62%) Performance without non-operating items 1 Adjusted EBITDA 282 148 280 (1%) 90% Note: 1 includes gain (loss) from foreign exchange rate, professional fees in relation to M&A activity
18.0 4.7 Gain on sales of investment in Subsidiaries 474 3.9 - - - - N/A N/A Tax assessment expenses (992) (8.1) - - - - N/A N/A Net profit 843 6.9 1,329 11.8 1,348 11.1 (36.6) (37.5) EPS (Baht) 0.68
3,903 3,681 222 6.0% Sales and service income 3,628 3,588 40 1.1% Other income 127 92 35 38.0% Gain on disposal of investment 147 - 147 100% Cost of sales and services 3,400 3,351 49 1.5% SG&A expenses
17.58% 12.45 (317.64) 330.09 103.92% Non-operating income/expense Loss in impairment of assets (45.43) (124.62) 79.18 63.54% (Gain)/Loss from impairment of investment - (69.87) 69.87 100.00% (Gain)/Loss
, an increase of THB 32.79 million from 2017, as a result of the Company sold to two major customers. Other Income Other income of the Company and its subsidiaries consists of interest income, gain on