or promissory note and specify the date of March 3rd, 2022 as the due date for payment of principal Other Conditions : None Objectives : To be used for capital expenditure of the Company and to be

margin (exclude non-recurring cost) 30% 28% 2% 33% 31% 3% Administrative expenses before adj. 41.45 40.84 2% 83.09 88.68 -6% Adj. staff benefit 2.19 - 2.19 - Adj. previous year SW income 20.31 10.66 90

containment measures in Thailand. With regards to domestic demand, public expenditure would remain an important economic driver. Meanwhile, private consumption should gradually pick up compared to second

was 0.48x compared to that of last year at 0.55x. In 2019 the Company spent THB 1,784mn on capital expenditure and investment, primarily in investment properties, property, plant & equipment purchased

15 Five-Year Business Plan The Company is in the processing of reviewing its 5-year (2020-2024) investment plan and business objectives by reviewing all development projects, particularly on mixed-use

2018 production was 377 thousand tons, up 8% year-on-year, with operating rates at 97%, driven by strong demand growth for our products across all regions and volume impact of Glanzstoff, Durafiber and

sectors, which some part mainly comes from export and tourism sectors and internal expenditure rate has gradually expanded as well. These economic situations leaded to quarter 3/201 the Company gained

GFPT Public Company Limited Management Discussion and Analysis for the Year 2018 Page 1 of 14 Management Discussion and Analysis This MD&A report has been prepared based on the consolidated of GFPT

year. In 2Q 2017, the Company’s operating revenue was THB 199mn, increased by 9.6% YoY from THB 181mn. The growth was mainly due to the aforementioned consolidation and a higher occupancy across all our

Company is in the processing of reviewing its 5-year (2020-2024) investment plan and business objectives by reviewing all development projects, particularly on mixed-use development, such as shopping malls