% contraction in the previous quarter, as a result of the Covid-19 pandemic situation which disrupted economic activities in many sectors, especially in tourism sector that was directly impacted by lockdown

because an increase of export and private consumption, as well as an expansion of government investment. In addition, the domestic tourism sector also improved due to the government continued relaxing

reason for the decline in user spending was the inflationary situation of the country's economy, causing the consumer purchasing power to decrease, together with the concerns of users about future

Medical Device Industry, which is an important tool in the competition and expansion of the market in the future. For Exercise and Physical Therapy Band; Most of the market is still the major market leader

period last year (source: International Tourist Arrivals to Thailand April-June 2019, Ministry of Tourism & Sports). The Company was fully aware of the situation and took actions by implementing new

to franchisees and (4) increased sales of retail merchandise. However, in the nine months ending 30 September 2018 and 2019, the economic situation and consumer confidence continuously worsened which

emphasized to ensure B.Grimm’s commitment to healthy and sustainable growth. Q1’2020 NNP to owner grew 54.0% y-on-y Despite unfavorable economy situation, B.Grimm reported Q1’2020 results with a 9.4% y-on-y

increase of 206.2 MB and 133.3 MB, respectively, due to the auctioned projects, which were bid at the end of Q1-2017, has gradually delivered in the Q2-2017. The overall economy expansion in Q2-2017 has

& Hoeglund Public Company Limited “the Company”, the management would like to discuss and analyse of the financial statements for the year 201 ended December 31, 2017 including the significant situation and

quarter and some of the large project in 2021. In addition, the Company was less impacted by the COVID-19 situation in Q1–2021 than those in Q1–2020. Many customers in that period had postponed the delivery