and Analysis 1Q2020 - Key Financial Ratios Exhibit 9 : Key Financial Ratios comparison of 1Q2020, 1Q2019 and 4Q2019. Key Financial Ratio 1Q2020 1Q2019 4Q2019 Current Ratio (x) 4.0 5.2 3.6 EBITDA to

million, increased by THB 628.99 million from the same period last year. GFPT Public Company Limited Interim Management Discussion and Analysis for the 1st Quarter 2020 Page 7 of 11 Liquidity ratios As at

Ratios Profitability Ratios Quarter 1 Change Increase/(Decrease) 2020 2019 Gross Profit Ratio (%) 27.93 28.29 (0.36) Operating Profit Ratio before FX (%) 27.27 26.09 1.18 Profit Ratio before FX (%) 11.35

Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 2020 Page 15 5. Significant financial ratios (excluded the effect of foreign exchange rate of the Company and subsidiaries) 2020

1,730 million. 5. Financial Ratios Profitability Ratios Quarter 2 Change Increase/(Decrease) 2020 2019 Gross Profit Ratio (%) 29.62 27.24 2.38 Operating Profit Ratio before FX (%) 28.63 24.74 3.89 Profit

paid for interest expenses in the amount of Baht 542.93 million. Management Discussion and Analysis For the 1st Quarter Ended 31 March, 2020 Page 12 5. Significant financial ratios (excluded the effect

position in cash and cash equivalents was THB 1,559.80 million, increased by THB 70.63 million from the same period last year. Liquidity ratios As at September 30, 2019, the liquidity of the Company and its

. Financial Ratios Profitability Ratios Quarter 3 Change Increase/(Decrease) 2019 2018 Gross Profit Ratio (%) 28.03 32.94 (4.91) Operating Profit Ratio before FX (%) 27.49 29.28 (1.79) Profit Ratio before FX

in the amount of THB 3,477.32 million. Management Discussion and Analysis For the Three-month and Nine-month Periods Ended 30 September, 2019 Page 15 6. Significant financial ratios (excluded the

Malaysia with 4 distribution warehouses. Therefore, after NDR has consolidated financial statement with FKRMM, NDR’s profit will immediately increase. In addition, NDR has the potential to expand the