combined net profit of the commercial banking system was Baht 187.3 billion, a 5.7 percent decrease from last year, due to larger loan impairment charges set aside for credit losses in compliance with IFRS9
market which results to low selling price. Another factor is the appreciation of baht which reduces our export revenue when changing to Thai baht. And the effect of employee benefit, according to the new
strong appreciation of THB/USD, which strengthened from the average rate of Baht 34.2863/USD in Q2-17 to Baht 31.9468/USD in the same period this year. Sales revenues of this quarter amounted to Baht
nine-month period 2018 was mainly due to differences in product mix and the impact from currencies appreciation as compared to same period of previous year. 3. Selling and Administrative Expenses For the
exports to reduce from the previous year. Furthermore, the sale of goods to foreign countries has been affected by the continuous appreciation of the Thai baht. Domestic consumption trend continues to
. The downside was mainly stemmed from the impact of export contraction affected by the global economic slowdown, prolonged US-China trade tension and the Baht appreciation. As for economic outlook in
encourage domestic capital outflows. At the end of 2019, the Thai baht was 30.15 to the US dollar, an appreciation of 7.1 percent from the end of 2018. Global financial markets experienced volatility amid the
and according to target. In 2019, Thai economy has decelerated with GDP reported at 2.4% decreased from 4.1% in 2018 as a result of declining in export growth and Baht appreciation. The world-trade
, capitalization of the Lake Charles Gas Cracker and the adoption of new TFRS during the quarter. • Combined PET segment which also comprises our flagship PET business has seen resilient demand and improved margins
due to THB appreciation against EUR and GBP • Net debt to equity ratio as of 30 June 2019 was 0.56x, comparing with 0.55x at the end of last year SIGNIFICANT EVENTS 4 major renovation works of Vienna