534.6% Share of profit (loss) from investment in an associate and joint ventures (50.2) (2.9%) (158.8) (13.8%) (108.6) (216.3%) Finance costs (Interest expenses) 205.5 11.7% 196.8 17.1% (8.8) (4.3

standards relating to leases standard (TFRS 16). The total liabilities was THB 12,425.3 million, which consists of interest-bearing debt in amount of THB 8,078.4 million. The ratio of interest-bearing debt to

issuance of 205mn ordinary shares at an offering price of the THB 1.60 per share, to the existing shareholders at a ratio of 10 existing ordinary shares for 1 newly issued ordinary shares. The Company has

Warrant holders as follows. New Exercise Ratio 1 unit of warrant exercised to purchase 1.185 ordinary share New Exercise Price 4.221 Baht per share.  On 23 April 2019, the Annual General Meeting of the

liabilities of the Group were decreased from Advance received from construction contracts and construction income received in advance. Due to revenue recognized during this period. o Debt to Equity ratio (D/E

36.15 3) Return on Equity (%) 10.79 9.43 4) Return on Assets (%) 6.60 5.75 5) EBITDA * (Million Baht) 9,600 9,236 6) EBITDA to Total Assets (%) 9.84 9.73 7) Debt to Equity Ratio (Times) 0.69 0.59 8) Debt

THB) 1,927 3,044 6) EBITDA to Total Assets (%) 1.84 3.01 7) Debt to Equity Ratio (Times) 0.78 0.66 8) Debt Service Coverage Ratio (Times) 4.12 0.75 9) Book Value per Share (THB) 40.77 41.11 * Not

take responsibility in the whole amount of outstanding debt at the completion date of share transfer of Nam San 3B. 2.11. Use of Proceed None, as the transaction is the asset (shares) acquisition

) (282) -31% Net profit attributable to owners of the parent 620 370 68% (1,546) 140% 1,732 2,463 -30% Basic earnings per share (Baht) 0.38 0.27 (1.12) 1.18 1.79 Note: 1/ EBITDA from Refinery Business of

Appropriateness of the Funding Structure In 3Q 2019, the Company had total debt to equity ratio of 76.7 times increased from 4Q 2018 at 16.1 times. The interest-bearing debt to equity ratio was 47.9 times