and considers the transaction is appropriate and beneficial to the company.The transaction is classified as a related party transaction and an asset acquisition; owing to the fact that one of DEMCO?s

, Depreciation and Amortization (EBITDA) In 3Q18, EBITDA was THB 84 million, falling by 37.3% from 3Q17. A relatively decrease in EBITDA was owing to THB 90 million realized leased right assignment income incurred

sales increased by Baht 105.57 million or 17.19% due to the sales of customers in the lubricant packaging and automotive parts as well as painting increased from the same quarter of last year owing to

strong with low debt-to-equity ratio and high current ratio. P a g e | 3 - Management Discussion and Analysis 1Q2020 - 4,346 1,714 2,942 881 1,102 900 83% 17% 61% 39% 77% 23% 1Q2020 1Q2019 4Q2019 2,816

, Depreciation and Amortization (EBITDA) In 4Q18, EBITDA was THB 307 million, falling by 46.1% from 4Q17. A relatively decrease in EBITDA was owing to aforesaid sales hotel in 4Q17 and THB 42 million employee cost

Total Liabitities 358.80 397.86 -39.06 -9.82 Total Shareholders ' Equity 202.01 67.72 134.29 198.30 Basic Loss Per Share (Baht) -0.15 -0.33 Gross Margin 3.04% -4.08% Net Profit Margin -23.48% -31.48% Debt

represented 10.6% YOY while non-durable goods, in which high proportion of low to medium-income household expenditure, growth only 0.0% YOY since partly owing to household debt that was still elevated at 78% to

or 335.31% from Baht 106.99 million as at December 31, 2018 owing primarily to the net profit for 2019 of Baht 47 .13 million, share premium of Baht 28 6 .7 1 million, and issuance of new shares by the

dramatically by Baht 358.75 million or 335.31% from Baht 106.99 million as at December 31, 2018 owing primarily to the net profit for 2019 of Baht 47 .13 million, share premium of Baht 28 6 .7 1 million, and

31, 2019, growing dramatically by Baht 358.75 million or 335.31% from Baht 106.99 million as at December 31, 2018 owing primarily to the net profit for 2019 of Baht 47 .13 million, share premium of