neither strong nor independent-minded enough in most cases to substantially influence deci- sion making by the board. 3 Tunnelling refers to the transfer of resources in favour of the majority owner‟s
priority to maintain interest-bearing debt to equity ratio in an optimal level. At the end of the year, interest-bearing debt to equity ratio was 1.17. During the past 3 years, MK Group was able to improve
optimal level. At the end of third quarter, the ratio was 1.15x lower than 1.17x at the end of last year. During the first 9 months of this year, total revenues increased by THB 197 .02 million. For the
6.5%, declining from 8.1% of the previous year. However, the Company gave priority to maintain interest-bearing debt to equity ratio in an optimal level. At the end of the third quarter, interest
optimal level yet. Therefore, cost per unit was higher at this point, which should continue to impact the Company’s performance for the short term. However, the Company’s operating performance is expected
ratio in the optimal level. As of 31 December 2019, the ratio was 1.32x. During the past 4 years, MK Group was able to improve its gross profit margin continuously and increase the service income over
activities in 2018, as did the year 2017. The optimal capital structure The Company had Debt to Equity ratio 0.13:1 times, higher than that of 2017, 0.11:1 times, indicating low relative proportion of debt and
-bearing debt and net gearing ratio afterwards. Nevertheless, the Company determines to maintain an optimal capital structure by lowering leverage level which will ultimately reduce debt ratio. Unit: THB
point of USD 900-1,000 per night. SHR expects to start construction in 2020 and commercially open by 2022. 50% of share transfer of the joint venture company – Prime Location Management 3 Limited – has
activities decreased since the Company bought machines and equipment as needs. No net cash flows used in financing activities in 2017, as the year 2016 The optimal capital structure The Company had Debt to