Branch 2 300/138 Moo. 1 Tambon Tarsit, Amohoe Pluag-daeng, Rayong (Translation) 2 baht or 38.82%, this was due to a severe drought and lower of usable water that caused extensive damage to the farm

. Due to the severe situation of COVID-19 in India, ranked at world’s 2nd highest in COVID-19 cases, FPI Autoparts India Private Limited was unable to meet the target revenue. The pandemic caused the

. Meanwhile, farm income declined due to a more-severe-than expected impact of the drought. The Bank of Thailand reduced Thailand’s economic growth projection for 2020 to contract 5.3% (as of March 2020

ratio to sales of 16.5%, an increase from the ratio of 6.7%, mainly due to the increase in sales and overall gross profit margin and the decline in selling and admin expenses as a results of strict

the long term. Even though our sales decreased from the previous year and the Company still recognized loss, due to our efforts in strict costs and expenses controls and reductions, the operations

expansion into business factoring loans, the Company has continuously grown in term of factoring loan. The credit approval is increasing and no non-performing loans due to the strict criteria of customer

performance recovery by strict cost control and cost reduction management, ramping up asset utilization to manage fixed costs, stop additional investments, and most importantly focus on cash management to

million 6. Forward Looking In 2019 the Company and its subsidiaries will continue to focus on the performance recovery by strict cost control and cost reduction management, ramping up asset utilization to

major customer in the future. Then, the Company had entered the agreement with those entity by set up the strict payment conditions. At the present, 10% of the program right fee has been collected and the

enforcement of strict measures, for instance, operational lock-down, state quarantines and travel restrictions in Thailand, Malaysia and Indonesia. Consequently, most of business activities were temporarily