financial statement adjustment in accordance with new Thai accounting standards, selling expenses recognition from Long Quan Safe Food JSC (LQSF) Vietnam, and efficient expenses control. Year 2019 Selling
implementing lockdown and closing some ports to control the spread of COVID-19. Major buyers in China had to stop their production for a long while. India and other European countries also enacted lockdown
57 hotels in our portfolio temporarily closed. The Group carried out cost control policies seriously and continuously, whilst still maintaining employees. This will ensure that the Company has enough
first half of 2020 was affected by the COVID-19 outbreak that wreaked wide spread havoc upon economies around the world. Moreover, the border closure policies, and travel limitations to control the spread
terms of expenses for the three months, the company and its subsidiaries has taken control and reduced expenses of production, sales and management in all areas that are not urgent to maximize benefits
with current events, which at the time of writing, none of the Company group’s employees have been found infected with COVID-19. The company group announced measures to prevent and control the spread of
situation Safari World Group including the Subsidiary Company has temporary closed its parks to the state official request, a measurement to control the pandemic of COVID-19. Safari World Group also allow
operations of take-home orders, following the prevention and control measures imposed by the government agencies. On May 17th, 2020, the Company gradually resumed part of the dessert cafe operations when the
consolidated operating and administrative expenses were 2,056 million baht, decreasing by 13% y-y. However, the Company still maintained effective operating cost control with cost to income ratio at 39% of total
, the Company emphasis on efficiently control production yield. Subsidiaries realized net loss of 13.86 million Baht in 2020 and net loss of 28.39 million Baht in 2019, comparing decreased by 14.53