in trade policies of US and China and global economic, the conflict in the Middle Eastern that impacted global oil price as well as the Baht’s ongoing appreciation. As of November 30, 2019, the
major renovation of Dusit Thani Philippines, despite the decrease in revenue mainly due to THB appreciation against the US Dollar and Peso, at 10.0% and 13.1%, respectively. • Hotel Management 1Q18
%. The main reason was Baht appreciation more than the corresponding period of previous year. That led to the decrease in cost of inventories. Exchange rate during Q1/2020 was between 30.28 – 33.09 Baht
number of maintenance schedules lower than 2018 approximately 44 days which impacts the increase in Availability Payment by Baht 31 million while the appreciation of Thai Baht. Nevertheless, the Energy
gain from foreign exchange of THB 92 million from THB appreciation, but realized a few loss from Yen depreciation. The company also received income tax refund from 2007 as revenue of THB 226 million
Exchange Forward Contract in the amount of THB 255 million from the continuous appreciation of THB. Thus, EBITDA recorded was THB 781 million (+28% YoY, -1% QoQ). Refinery Business Marketing Business sales
employee benefit as per new labour protection act, the exchange rate effect from the appreciation of Thai Baht against the better performance of oversea hotels and the results of Elite Havens which invested
), as TETSO have started commercial run in late March 2018. Therefore, TETSO has not yet to be recognized for the revenues from operations. Lastly the company was also impacted from the Baht appreciation
, particularly in the export sector, the tourism sector, slowdown of private consumption and investment as well as the Baht’s ongoing appreciation. In 2020, Thailand economic growth will likely slowdown. There are