return to shareholder, the management has formulated business strategy and implemented group restructuring to streamline the business and enhance flexibility, which attributable to well-achieved

liquidity ratio was 1.35 times. The Company maintained healthy financial position and sturdy debt service capacity with interest-bearing debt-to-equity ratio of 0.09 times. 2019 Outlook 2018 was the final

investment in last year. The Company maintained healthy financial position and sturdy debt service capacity with interest-bearing debt-to-equity ratio of 0.56 times. 2019 Outlook Company maintains 2019 outlook

and small business loan. Although, the non-performing loans affected profitability, but the Thai commercial banking system still remained sturdy. Credit Rating Land and Houses Bank Public Company

loan. Although, the non-performing loans affected profitability, but the Thai commercial banking system still remained sturdy. Credit Rating Land and Houses Bank Public Company Limited is assigned the

compared to a net profit of 18.45 million baht, is due to the following reasons: 1. The ailing economic condition especially in the automotive industry, in addition to a change in the company’s strategy to

million Baht or 99 percent, mainly due to the sluggish economy, especially in the automotive industry, coupled with the change in company’ strategy which focuses on projects with the government. 2 . The

amount of 22.80 million baht. Revenue decreased by 74.54 million baht or 77 percent, mainly due to the sluggish economy, especially in the automotive industry, coupled with the change in company’ strategy

was in accordance with company’s continually expanding strategy and well management in sales and marketing function. The company; therefore, can gain more market share. 2. Selling and Administrative

the company’s readjusting of employee accrued benefits and base salary to serve the company’s strategy towards fully digitalized format as well as to encourage all employee preparing for Digital