(NL1PC). However, the company’s net profit in 2018 did not increase significantly because natural gas prices had increased substantially in the second half of 2018 while the Fuel tariff rate (Ft) almost

assets. Note: According to the debentures and long-term loan agreements, the company was required to maintain its D/E ratio of not higher than 2 .0 times. For the long-term loan agreements, there is

%, the sales volumes were decreased in relation to a decreased in Biodiesel’s sold. Moreover, the Company is currently not selling Crude Glycerine since October 2018 in order to use them in commissioning

in process of Tubma reservoir project. Note: According to the debentures and long-term loan agreements, the company was required to maintain its D/E ratio of not higher than 2 .0 times. For the long

, Board of Directors’ resolved to approve the cash dividend payment from the operating results for the 2H 2019 of the Company’s performance to shareholders a total not exceeding THB 86.59mn, at a rate of

from the import of other-alloy steel hot-rolled flat products in coil and not in coil since February 2019. The imports constituted 60% of the total consumption in 2019 compared to 54% in 2018. The

company was required to maintain its D/E ratio of not higher than 2 .0 times. For the long-term loan agreements, there is additional condition to maintain DSCR of not less than 1.1 times. 3) Shareholder’s

equipment because the main company business is system integration and does not require any big fixed asset items. 2.2 Sources of Fund Liabilities The Company reports its liabilities at 314.89 million THB at

155.6%, arising from increase in available payment from GHECO-One, according to the Power Purchase Agreement (“PPA”) which is based on the principle that annual Availability Payment (“AP”) will not lower

' development progress not achieve the Company's target. Management Discussion and Analysis For the Three-month and Nine-month Periods Ended 30 September, 2017 Page 2 2. Operation performance according to