growth and reduced future risk. Yet, because firms cannot continue to grow in perpetuity, the predictive balance of an earnings string may shift in the direction of risk rather than growth as the string

and the private sector in encouraging the market to shift from regular ESG practices and integrate SDGs impact in business and investment strategies. Congratulations to the government and the private

vocal about engaging with sustainable brands Only 58% of these organizations are moving sustainability programs into implementation Only 22% are measuring progress against targets Context Global shift

shift investment towards low carbon transport infrastructure. 2.2 The role of climate bonds Leveraging debt capital markets towards sustainable transport infrastructure development and services has

system is almost complete. Some small changes have to be made and the company has set to fully shift to ERP system at the beginning of 2018. 2. Operating Results (Company and Subsidiaries) Consolidated

1 of 2019 and that of 2018 respectively. The THB 28.51 million shift or 91.47%. Net Profit margin for Quarter 1 /2019 and Quarter 1 / 2018 were 20.62% and 15.47% respectively. Such 5.15% increase was

maintain in Q4. The subsidiary in Vietnam, HV, has continuously improving operation results after installations of new machines in the past year and the increase in working hours from 1 shift to 2 shifts

พัฒนาการที่ต่อยอดจากเดิม โดยปรับเปลี่ยนจุดมุ่งเน้น หรือ shift focus เพื่อตอบโจทย์ประเทศในการปรับตัวสู่เศรษฐกิจดิจิทัล เศรษฐกิจสีเขียว และเศรษฐกิจที่ลดความเหลื่อมล้ำจากการมีความเป็นอยู่ที่ดีของประชาชนอย่าง

industry groups and committing to targets as they shift gears to invest in a global economy that is transitioning into a low-carbon world. STRICTLY PRIVATE AND CONFIDENTIAL. FOR PROFESSIONAL INVESTORS ONLY

additions also came from fiber assets acquired in 2018 & 2019 (Avgol, Kordana, Schoeller, UTT). The EBITDA however decreased 29% YoY due to depressed margins in IPA business and lower Rotterdam production