(THB) 0.43 0.25 0.85 +0.19 (0.42) Core EBITDA/T ($) 94 92 115 2% (18)% Operating Cash Flow5 300 340 385 (12)% (22)% Net Operating Debt to Equity (times) 1.32 1.35 0.65 (2)bps +67bps * Integrated Oxides

million or 0.85% of total three-month revenue and 0.45% of total six-month revenue. Finance Cost Finance costs for the three-month period ended 30 June 2017 and 2016 were THB 0.05 million and THB 2.02

revenue. In April and May 2017, the Company also had expenses related to the Annual General Meeting (AGM) and securities depository fees amounting THB 1.50 million or 0.29% of total revenue. Finance Cost

statements from cost method to equity method applying Thai Accounting Standard no.28 (TAS 28): Investments in Associates and Joint Ventures, 1 January 2020 retrospectively (full retrospective approach

794 26,677% 3 - (0) 100% (100%) Share of losses from investments in associates and joint ventures 33 (49) (248%) 34 35 (26) (176%) (176%) EBIT 1,228 2,016 64% 1,009 577 604 5% (40%) Finance costs (369

expenses (76) (57) (25%) Administrative expenses (43) (33) (23%) Finance Cost (4) (3) (25%) Profit before income tax expenses 15 14 (7%) Tax expenses (2) (2) 0% Net Profit for the Company 13 12 (8%) Change

307.54 (34.85) (10.18%) 1,764.82 1,674.52 (90.30) (5.12%) Finance cost 38.01 35.03 (2.98) (7.84%) 119.56 140.85 21.29 17.81% Income tax expenses 60.45 47.54 (12.90) (21.35%) 326.66 301.65 (25.00) (7.65

(or -4.3%) from 31 December 2018 primarily from lower trade and other payable of THB 230 million. As of 30 June 2019, the Company had total shareholders’ equity of THB 17,808 million, a decrease of THB

for doubtful accounts. Finance costs For the 6 months period ended June 30, 2019 and 2018, the company had financial costs in the amount of 102.33 million Baht and 94.99 million Baht respectively. In

construction. As of 31 March 2020, the Company had total equity of THB 18,313 million, an increase of THB 290 million (or +1.6%) from 31 December 2019. The increase in other components of equity was due to the