previously mentioned. Capital Structure Net interest-bearing debt to equity stood at 0.31x At the initial stage of Singha Estate and with the strategy to grow its business via M&A, short-term debts, i.e
Analysis of Operating Results For the Year Ended December 31, 2017 Report and Analysis of the Operating Results In 2017, the operating result of the Group continues to grow steadily. The aviation fuel
equity stood at 0.40x At the initial stage of Singha Estate and with the strategy to grow its business via M&A, short-term debts, i.e. collateral-free bridging loans, are designated sources of funds
sales of this product of the company has continued to grow with the strength of sale channel and product quality. Since 2015, the company has been awarded ISO 13485, the Quality Management System for
anticipated in Golden Lime Public Company Limited 3 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 DECEMBER 2017 2018 as steel consumption in Thailand continues to grow with the economy. Certain other
lower investment in projects and maximize brand value. For example, the Company focuses on franchising businesses to grow the brand both domestically and internationally. This attempt has been reflected
franchising businesses to grow the brand both domestically and internationally. This attempt has been reflected in the entering into the agreement on franchising business model with various strategic partners
equivalents and current investments stood at THB 661.3mn. As a result, the debt to equity ratio1 was 0.84 times as of 31 March 2019, decreased from 0.94 times as of 31 December 2018. Due to the plan to grow
the Company holds 55.8% of shares and its operating results continues to grow with a net profit of 144.5 million Baht. In Q1/2019, there was continually increased of the net profit and might be