-scale producers) • Socioeconomic advancement and empowerment (e.g. equitable access to and control over assets, services, resources, and opportunities; equitable participation and integration into the

Growth Freehold and Leasehold Real Estate Investment Trust (WHART) and HREIT in the late 2017 and the beginning of 2018 respectively, thereby reducing the leasable area.  Gross profit from rental and

recovering consistently since the beginning of 2018, reporting 4.0% growth in 20181. Once again, Out-of-Home (OOH) and online advertising, in particular reported rigorous growth of 23.0% and 21.0

. Therefore, the average CPO price in 2019 was lower than the average price in 2018. During the 1stquarter to the beginning of the 4th quarter, the Company realized higher the average cost of CPO than CPO price

impact of the global trade war. Resulting in the Company had to accelerate the management of the inventory levels to be suitable for sales volume. If comparing the inventory from the beginning to the end

(Unit: Million Baht) 2016 2015 Cash at beginning of the year 1 1 Cash flow from operating activities Income from operating activities before changes in operating assets and liabilities 5 Changes in

considered as a normal level for the business at the beginning stage launching new products into the market which requires high spending. 4. Financial Position of the Company and its Subsidiaries (Unit: Baht

was reducing, foreseen, and undergoing following the Company’s plan, while the loss was considered as a normal level for the business at the beginning stage launching new products into the market which

was appreciated from 35.9 THB/USD at the beginning of 2017 to 32.5 THB/USD at the end of the year or 10% appreciation. Nevertheless, GGC’s financial position for the year ended 2017 remains strong, with

(3.18) 0.28 Cash Increase (Decrease) – Net 3.24 (7.82) Cash at the Beginning of the Period 20.59 28.42 Cash at the Ending of the Period 23.83 20.60 CFROE = Cash Flow Return on Equity Increase (Decrease