Second Quarter of 2020 1. EXECUTIVE SUMMARY WHAUP finished our Second Quarter of 2020 with a Normalized Net Income of Baht 177.7 million, a 74.4% decrease from 2Q2019 while Net Profit of Baht 317.4 million
, private consumption growth turned out to be stronger than expected, boosted by car sales which had accelerated since late 2017 after demand for car purchases was brought forward in response to the 2012-2013
the following details. Financial performance Statement of income Consolidated financial statements for the 9-month ended 30 September 2017 30 September 2018 Change (Reviewed/Restated) (Reviewed
second quarter of the previous year, mainly due to a decrease in activity by local retail investors. 1.2 Fee and Service income The Company’s fee and service income in the second quarter of 2019 was Baht
rate, one-time income/expense, in the 3Q16 and 3Q17 performance, EBT in 3Q17 would have declined by 449% YoY, reflecting higher financial costs (interest expenses) from convertible bonds worth US$180mn
, driven mainly by exports sector, private consumption, government spending and investment. In the fourth quarter, Thai economic growth is expected to be driven by government initiatives such as Low-income
capital increase – issuance and offering 400 million new ordinary shares to institutional investors by way of Private Placement, totaling approximately Bt1,664mn, and b) Issuance of new debts – issuance and
the previous year due to continue an increase of export and private consumption, as well as an expansion of private investment. In addition, there were supporting factors from domestic demand from the
from sales & service 810.47 744.99 65.48 8.8% Other income 6.47 7.06 -0.59 -8.4% Total revenue 816.94 752.05 64.89 8.6% Cost of goods sold & service 700.82 646.00 54.82 8.5% Selling expenses 14.83 19.87
% Interest income 100 - 100% 129 -22% 121 -17% Gain on disposal of assets - - - 309,034 -100% Revenue from franchise - - - 1,836 -100% Other income 3,909 4,306 -9% 3,503 12% 13,328 -71% Total revenues 538,364