increase of short-term loans and long-term loans. Liquidity Cash flows Unit: Million Baht 2017 2016 Cash flows from (used in) operating activities 1,201 1,176 Cash flows from (used in) investing activities

Flow Analysis Cash and cash equivalents at the end of 2017 declined 46mTHB to 50mTHB compared to the end of 2016 due to the impact from the following factors. Net cashflow from operating activities

Company’s total SG&A level was at 20.8% of sales, in-line with Q1’18 level and -30 bps QoQ. Lower spending on A&P was due to phasing of spending as per marketing activities and high base last year base from M

the Group’s investment activities and/or refinancing debts. 1.2 Securities Sale Deed to increase investment proportion in RATCH-Australia Corporation Limited On April 20, 2018, RH International

Profit (loss) from operating activities before changes in operating assets and liabilities 84 194 -57% Profit (loss) from changes in operating assets and liabilities (60) (19) -225% Net Cash flows from

2018 % Change Profit (loss) from operating activities before changes in operating assets and liabilities 155 64 92.7% Profit (loss) from changes in operating assets and liabilities 88 7 33.8% Net Cash

2018 2019 2018 Cash flows from operating activities 122,737 77,367 155,634 90,500 Cash flows used in investing activities (13,208) (139,283) (21,044) (233,088) Cash flows from (used in) financing

million, increased Baht 99 million or 17% from year ended 2017 since the Company and subsidiary has  Net cash flows provided by operating activities Baht 878 million บริษัท จี สตีล จ ำกัด (มหำชน) G Steel

, net loss came from low sale volume which affected from the increasing of import volume from foreign country in May and June 2019. Business Outlook Post termination of Tolling Activities in January, 2019

-bearing Debt to Equity (Times) 2.26 2.12 Cash Flow (Unit: Baht Million) H1/2019 H1/2018 % Change Profit (loss) from operating activities before changes in operating assets and liabilities 78 138 (44