%, due to lower OEM sales (-31.5% YoY), unfavorable performance in Cambodia and FX impact on overall international businesses. However, at constant FX, our international business showed positive growth
incurred a net loss of Baht 834 million in 2018, compared with the year 2017 with a net profit of Baht 990 million, however, the Company’s EBITDA was still remain positive at Baht 612 million in 2018. 3
positive at Baht 612 million in 2018. 3. Management’s Message 3 G J Steel Public Limited Management’s Discussion and Analysis (MD&A) for year 2018 (Revised) Overview of World Steel Industry Chart of world
was immediately put for overhaul and could be commissioned by 1st week of March, 2019. Since then the operations have gradually stabilized with Positive EBITDA posted for March 2019. As a result, this
million. The net positive cash flow in working capital came from down-sizing amounts of account receivable and inventory, while net negative cash flow locate in payment of trade payable. Net cash flow from
improvement in gross profit, VGI Group’s positive momentum is also reflected in its EBITDA, which increased by 24.6% YoY from THB 1,357mn to THB 1,691mn, while adjusted EBITDA increased significantly by 43.6
. The ratio of SG&A to revenue slightly decreased to 29.9% (prior year: 30.2%). EBITDA was bolstered in particular by the positive performance and climbed considerably to 43.9% YoY from THB 352mn to THB
according to accounting standard, and partly from narrowing of spread margin. Nevertheless, EBITDA in Q2/2018 still remained positive at THB 119 million. Comparing to the same period of last year which the
anticipate that advertisement spending will benefit from macroeconomic upswing and positive sentiment. The growth of e-commerce is expected to increase by 30%2 per year driven by the ever-changing lifestyle of
company is still positive to see an improving of metal spread comparing to Q4/18. 2. Business Outlook on Q4/2018 Own production Tolling Total Own production Tolling Total HRC Sales (k tons) 226 192 418 182