steadily increased in recent years which result to the strict in granting a loan to the borrower from many financial institutions. As well as, the epidemic of Covid 19 have severe negative impacts on the

&'#II 1#)."(.# %1/0. #II #II 1 positive replacement cost (current exposure) = 150 x% of notional amount (future credit exposure) = 10 #II 2 negative replacement cost (current exposure) = (120) x% of

Value 1. Net Tangible Assets (NTA) Unable to calculate since NTA of GNET is negative. 2. Net after-tax profit from the normal course of business operation Unable to calculate since net profit of GNET is

line with the overall decreased average occupancy trend for the hotels industry in the Maldives. As for the Food Business, overall there was a more positive trend during Q3/2017 compared to the same

quarter of 2020, the negative gross margin of hotel operations was THB 4.89 million, equaled to -26.71% of the total revenues from operations. The hotel operations had the negative gross margin increased of

supported our performance , and we expect these to normalize in Q4. However, pricing trend continues to be positive and while we have one kiln in maintenance we will continue to see good asset utilization

% in Q3, 3.8% through September 2017) and 0.7% q/q. This would result in 4% GDP growth for 2017 and with the close correlation of GDP to lime usage this is positive for the business. Q4 GDP growth was

MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 30 JUNE 2018 3.1. Analysis of Q2 and H1 2018 results The key drivers of Q2 2018 performance on the positive side was the higher volumes (due to both market

to Baht 448.93 million in Q4 2021, mainly from the positive accounting adjustment due to IFRS9 in Q4 2020 and softer layoff scheme applied in Q4 2021 of the Portugal operation. Loss on foreign currency

and advice in its business. Negative gross margin from beauty service business for the year ended 31 December 2018 was 23 million or decreased by 178% compared to the last period. Proportion of revenues