the key tool for this industry. According to performance loss and franchise model concept, it affects with significant drop of the business valuation of the subsidiary company. In 2017, the Company has

Page 1 of 5 Performance Overview In 1Q18 Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reported a 7% YoY decrease in total revenues, mainly from a drop of revenues from

specification complies with the government standard. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 3 Operating Performance Exhibit 1: Consolidated Company’s Performance

record 2018. Disruption in the steel industry has caused volumes to drop year on year at key customers however, these issues are being resolved and with expected fixed asset investment and a new product

. As in Q1 the main lime consuming sectors of the industry were not immune to the disruption: the sugar cane harvest was down and uncertainty in the steel industry has caused volumes to drop year on year

announced in the late of March 2020. Gross Profit and Gross Profit Margin • The Company’s gross profit in Q1/2020 were THB 137 million which decreased by 27% from Q1/2019 corresponding to the drop in total

Q1 2017, of which 92% contributed from zinc trading business and 7% from renewable energy. The decrease mainly resulted from a drop in total sales volumes and the appreciation of Thai Baht against USD

related group (DRG) received in year 2013 and 2015 respectively, and the amount of Baht 8.46 million booked in year 2018 for chronic diseases were then subtracted accordingly. In addition, the drop of other

of margins calculation prescribed by the derivatives exchange; (2) call for its clients to deposit additional margins when their margins drop below the rate or value of the maintenance margins

exchange or the value calculated under the method of margins calculation prescribed by the derivatives exchange; (2) call for its clients to deposit additional margins when their margins drop below the rate