tourist arrivals due to the Coronavirus Disease 2019 (COVID-19) outbreak and slowing Chinese economy. Meanwhile, domestic factors include severe droughts and the delay on government budget approval
“Mahachai Group”). The Company entered into a loan agreement dated February 17, 2014, with the loan amount of THB 400,000,000, for a period of 5 years, with Mr. Nirum as the lender, and then entered into a
government stimulus measures may affect the increased demand for hot rolled steel in the same direction of public utility budget. 3. Performance of the Company Operating results The Company reported a net loss
decelerating rate from 1.9% in the previous year, due to the delay of government’s budget allocation. Hence, the NESDB has cut down its growth forecast for the Thai economy in 2024 to the range of 2 .0%-3.0%, in
from the year 2017. This is because the government expenditure budget focused on the infrastructure and transportation, while the expenditure in information communication technology did not increased
additional support from the government project. Meanwhile, government spending remains the main supporting factor for the Thai economy even in this quarter slowed down as the delayed in budget disbursement. As
., Ltd. and Mr. Nirum Ngamchamnunrith (Mr. Nirum is a majority shareholder of Mahachai Steel Center Co., Ltd.) (the “Mahachai Group”). The Company entered into a loan agreement dated February 17, 2014
of money and capital markets, and TFRS 9 impacts from reclassification and remeasurement of investments. However, net interest income increased Baht 2,512 million, or 9.82 percent, due to loan growth