a higher overall SG&A cost up 7.0% versus the same period in 2016. A decrease in trading activities and one time effects also contributed to the drop in EBITDA. However, on the positive side the

. Including uncertainty from the US economic policy Therefore, the overall of the world economy is growing at a slower rate. While the Thai economy continues to grow at a slow rate as well Although the economy

was increased from Financial Institutions Policy Committee announce to decrease the interest’s policy rate. 4.3 Shareholders' equity The overall shareholders' equity from the year end 2019 was decrease

to TFRS 16 Leases. 4.3 Shareholders' equity The overall shareholders' equity in the first half of 2020 was decrease from the end of 2019 in an amounting of Baht 44.80 million mainly came from operation

of Baht 2.67 million. 4.3 Shareholders' equity The overall shareholders' equity as at 31 March 2020 was decreased from the year end in an amounting of Baht (6.99) million or (1.70) percent. Mainly came

(MD&A) for the year 2019 Attention: The President The Stock Exchange of Thailand The Company wishes to present the Management Discussion & Analysis (MD&A) on the operating and financial status for the

26.86 1.82% 1,489.47 1,458.55 30.92 2.12% Sharing of gain (loss) from investment value of the associates -0.87 17.03 -17.90 -105.13 2 99.99 percent by the Company. At the present, SAFE gains profit from

) which is held 33.37 percent of total shares by ECF Power Company Limited (ECF-P) and ECF-P is the subsidiary held 99.99 percent by the Company. At the present, SAFE could gain profit from biomass power

Limited and its subsidiaries, would like to present the Management Discussion and Analysis (MD&A) of Q2/2018 as follows: Management Discussion and Analysis (MD&A) Patum Rice Mill and Granary Public Company

price even though the pressure on that the overall economy has slowed down since the Coronavirus 2019 (“COVID 19”) epidemic and the world and domestic’s steel price that continued to decline. The company