profit margin will be relatively high in 2017. II Food & beverages business Total Gross Profit was 362.4 Million Baht or 45.2% of revenue which slightly decrease 9.9 Million Baht. Gross Profit for DDUS was

that the remaining residences of MahaNakhon project for sale will be handover to the customers by Q1 2018; as well as maintain the construction cost, the gross profit margin will be relatively high in

2019 31 December 2018 Gross Profit Margin 40.4% 34.4% Net Profit Margin1 67.1% 57.5% Return on Equity 2 18.6% 16.9% Debt/Equity Ratio 0.76x 0.69x Net Interest-bearing Debt/Equity Ratio 0.66x 0.58x 1 Net

%. Meanwhile, total interest-bearing debt stood at THB 9,529 mn, a decrease from THB 17,904 mn from the previous year as a result of effective financial management to match the money and capital markets

1,163 925 25.7 Debt issued – debentures 379 384 (1.3) 241 57.3 763 495 54.1 Debt issued – promissory notes 24 20 20.0 97 (75.3) 44 168 (73.8) Borrowings 179 177 1.1 143 25.2 356 262 35.9 Others

decline could be attributed to an increase of Baht 1,493 million or 16.36 percent in our impairment loss on loans and debt securities to cope with economic uncertainties. Operating profit before provision

could be attributed to a decrease of Baht 221 million, or 2.08 percent in impairment loss on loans and debt securities and an increase of Baht 835 million, or 2.13 percent in net operating income which

meeting of securities holders. “Central securities depository” means any central securities depository under the law on securities and exchange; “Margin account” means an account of client’s loan for

holders. “Central securities depository” means any central securities depository under the law on securities and exchange; “Margin account” means an account of client’s loan for securities purchasing or

previous year have ended and the competition has intensified in the stainless pipe product. As a result, sales and gross margin declined in the current quarter. While administrative expenses have increased