, commercial banks remained tighten credit standards as their concern on a deterioration in debt serviceability. Although the deterioration in credit quality affected profitability, but Thai commercial banking
December 2018, mostly from a decrease in investments in joint ventures and an impact of currency translation due to THB appreciation • Net debt to equity ratio as of 31 March 2019 was 0.51 times, an
-developed projects to foreign suppliers. During the period fourth quarter of 2021, Thai Baht was fluctuated by slightly appreciated compared to exchange rate at the end of third quarter of 2021 which led to
and partially from realized on exchange from payment for machine and spare parts for the under-developed projects to foreign suppliers. During the fourth quarter of 2023, Thai Baht was appreciated
afterward. The capital increase from Initial Public Offering would result in the marked decrease in Debt- to-Equity ratio and financial costs going forward. On November 14, 2019, the Company entered into the
rental 30.00 99.80 ETG Energy Company Limited 12.50 99.99 10.00 70.00 ETE Management Company Limited Thai Speedy Management Company Limited Glow Trading and Service Company Limited Personnel outsourcing
uncertainty of US economic policy. But, the global economy trend as continued to improve. Thai economy is growing as slowly which the tourism and exports were driving force in past time. Including, the income
investment in last year. The Company maintained healthy financial position and sturdy debt service capacity with interest-bearing debt-to-equity ratio of 0.56 times. 2019 Outlook Company maintains 2019 outlook
rate in 2009 following the Hamburger crisis. The Committee assessed that the Thai economy would expand at a lower rate than previously assessed and lower than its potential due to a decline in exports