investment in last year. The Company maintained healthy financial position and sturdy debt service capacity with interest-bearing debt-to-equity ratio of 0.56 times. 2019 Outlook Company maintains 2019 outlook
backlog was THB 16,745mn, decreasing by 6.9% as compared to the end of 2018 of THB 17,981mn. Although the JVs had sturdy sales in The Line Wongsawang, The Line Ratchathewi and The Line Phahonyothin Park
healthy financial position and sturdy debt service capacity with interest-bearing debt-to-equity ratio of 0.10 times. 2018 Outlook Maintain 2018 forecast, yet adjust down new hotels opening • Despite Boat
PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR 2018 3 4. SIGNIFICANT EVENTS (Cont.) 24 August 2018, EASTW and Gulf PD Co., Ltd. (Subsidiary of GULF) signed clarified water sales
liquidity ratio was 1.35 times. The Company maintained healthy financial position and sturdy debt service capacity with interest-bearing debt-to-equity ratio of 0.09 times. 2019 Outlook 2018 was the final
. (Subsidiary of GULF) signed purchasing clarified water agreement for 25 years. 5. RAW WATER BUSINESS Raw water revenue in 9M/2018 was 1,805.73 million Baht, decreased by 79.99 million Baht or 4.24% compared to
guarantor could not comply with income guarantee agreement, operation guideline of REIT manager as well as measures to prevent such issued shall be clarified; (d) in the case that the income guarantor has
and small business loan. Although, the non-performing loans affected profitability, but the Thai commercial banking system still remained sturdy. Credit Rating Land and Houses Bank Public Company
loan. Although, the non-performing loans affected profitability, but the Thai commercial banking system still remained sturdy. Credit Rating Land and Houses Bank Public Company Limited is assigned the
shall sign on the risk disclosure statement to certify that the risks relating to trading derivatives have been clarified to the client, and shall arrange the client to sign on such statement to certify