high at approximately 4 times current liabilities. Operating Cashflow (Recurring EBITDA) in Q2 2019 was THB 696m which was 9% lower than Q2 2018 was THB 765m.  Capital Expenditure Net Capital Expenditure

0.28 Interim Management Discussion and Analysis Analysis of Overall Performance The distribution business of the plastic resins, plastic, and petrochemical related products needs relatively high working

percent in Q2/2018). The increase of gross profit was the result of low overhead cost due to high production volume and the higher in sales.  Selling Expenses The Company and its subsidiaries had the

cause the cost of moving and office decorating which are quite high. Moreover, in case the Company pays the total amount of leasing fee in advance, the Lessor has offered to provide a discount of the

from Halcyon Metal Co., Ltd. or “HM” in the six-month period of Q2/2019 had a total revenue of 31.72 million baht, decreasing 0.78 million baht, or 2.40% from the same period in 2018. Since HM had a high

partly due to the high base of last year. Public spending excluding transfers also declined from acceleration in disbursement during last year. Nevertheless, private consumption remains the key driver with

 March, 2017. Liquidity Liquidity ratios are high at approximately 4 times current liabilities. Operating Cashflow (Recurring EBITDA) in Q1 2018 was THB 609m which was 30% lower than Q1 2017 at THB 873m

consecutive year. However, the company’s securities has selected in the SET High Dividend 30 Index or SETHD from the Stock Exchange of Thailand which the price index reference 30 shares group in the SET100

จักรใหม่ตลอดทัง้ปี 2560 และมกี าลังการผลติเพิม่ขึน้ตัง้แต่ชว่งไตรมาส 2/2560 ทัง้ในสว่นผลติภัณฑเ์ดมิ และผลติภัณฑใ์หม่ทีเ่ป็น High-end จงึสามารถสง่มอบสนิคา้ใหก้ับลกูคา้ไดเ้พิม่ขึน้ตามล าดับ สง่ผลใหง้บการเง

0.22 Interim Management Discussion and Analysis Analysis of Overall Performance The distribution business of the plastic resins, plastic, and petrochemical related products needs relatively high working