, unchanged from the end of prior year. Still, the ratio did not exceed 3.00 times, which is the covenant for bank loans and debentures. 3 Income Statement For the three-month ended March 31 Change Unit

, an increase of Baht 3,076.25 Million from the end of 2018. Net-Debt-to-Equity ratio according to the Company’s consolidated financial statement as of June 30, 2019 was 1.07 times, unchanged from the

remained unchanged at 7.88% in 6M 2018, compared to 7.89% in 6M 2017. 2 Other income The Company and its subsidiaries had other income of Baht 782.60 million, increased by Baht 41.25 million or 5.56 % from

1,760 million Baht. However, the record of the OFC rental under the Rental Assurance Agreement (20% of the OFC) remains unchanged. 2/2 3. Net profit In the first quarter of the year 2020, the Company and

unchanged. Administrative Expenses The Company has the administrative expenses in the first quarter in the amount of 78.5 million Baht or equal to 7.1 percent of the revenue from sales. The ratio between

E_1 Legal_FA_2015_12_29-c A WCorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2018 In 2018, the overall Thai economy maintained its growth due largely to healthier growth of exports and tourism, especially in the first half of the year. Meanwhile, the government continued to implement measures to promote and strengthen the domestic economy through support of investment and private spending as well as bolstering opportunities for other econo...

rate, write-off/impairment of asset, etc. Being relatively unchanged compared to that of the preceding quarter, SG&A in 3Q17 increased by 71% YoY, mainly due to three distinct sources: a) Additional SG&A

TSE remained unchanged where the Company used Equity Method. This was because the Company maintained significant influence over TSE as the Company had its representative as authorized director of TSE

unchanged. This makes the expense of the same. Please be acknowledged for your information Yours Sincerely (Mr.Wanthana Jaroennawarat) Director

unchanged from previous year despite the decrease of SW income . Non-SW income has more than offset the unfavorable SW income while cost has been under control. Page 3 of 4 Statement of Financial Position as