% Management Discussion and Analysis of quarter 1 /2020 3 | p a g e Total Assets As of 30 June, 2020 the Company had total assets of Baht 7,356 million, declining from 31 March, 2020 by Baht 25 million or -0.3
with revenue from sales and services of THB 937.9 million, declining THB 308.4 million or 24.7% from the same year of the previous year. Furthermore, gross profit margin declined from 22.1% in the
caused by the declining service revenues and the higher costs of service provision. The SEC’s further investigation revealed that during 8 October 2019 - 4 November 2019, Penprapa – wife of an SQ executive
million, decreasing Baht 2,221 million or 25.23 percent, over-quarter. The decrease could be attributed to non-interest income which fell Baht 8,785 million, or 54.37 percent, due mainly to the volatility
resolutions of the Board of Directors’ Meeting No. 9/2018, which was held on November 27, 2018. This was due to the fact that the manufacturing business’ operating results were declining, the percent of
product finished steel consumption in the first 6 months of 2017 was at 5.4 million tons, dropped by 5.6% as well. Declining prices of flat steel in China in Q2/2017 Source: Steel Business Briefing Overview
respect to downward pressure from demand for Fuel Oil in the electricity production sector in Asia decreasing in Japan and Pakistan, and refineries operating at high utilization rate leading to more
segment continued declining in 2017 due to intense competition of both animal feed and aquatic feed business in Thailand. Moreover, swine business was declined because of recession in swine price in past 2
or 17% from the first 6 months of 2019 mainly due to decreasing of CPKO stock in international market, caused by lower palm production from drought effect. The contraction in market demand in 1H2020
, amounting THB 898.27 million, reduced by THB 217.50 million or 19.49% down from 3Q2016. The revenue from feed segment continued declining in 3Q2017 due to intense competition of feed business in Thailand for