continued to contract due to the weak domestic and external demand affected by the COVID-19 pandemic. The government measures imposed by several countries around the world in order to contain the outbreak
affected company's results of operations include (i) coal price and gas price that continued to drop further from previous quarter resulting in lower costs of sales and (ii) COVID-19 pandemic. Based on our
shortened. Moreover, since an increased NPLs/ NPAs arise from the pandemic outbreak rather than the economic crisis, the Company expects to see more NPLs/NPAs with even higher qualities. The company believes
from the pandemic outbreak rather than the economic crisis, the Company expects to see more NPLs/NPAs with even higher qualities. The company believes that NPLs/ NPAs that have been auctioned out during
, while we expect an impact, we do not expect this to be as severe as in the highly impacted sectors of the economy.” 2. Outlook The global Covid-19 pandemic has affected Thai Q1 GDP with estimates that the
delayed due to an impact of COVID-19. Moreover, the Company also stocked up more inventories because of uncertian situations that might occur from the pandemic, Property, plant and equipments as of March 31
be ready for the return of dine-in whenever the situation has eased. The management is still fully committed to navigate the Company through the pandemic and get back to making a profit in the best
the loan interest rate to assist customers impacted by COVID-19 pandemic together with more conservative loan approval. However, the bank’s interest expenses dropped from the reduction of the
. Industry Overview Overall economic activities in the first quarter of 2020 contracted from the prior last year. The Coronavirus disease 2019 (COVID-19) pandemic is continuing to evolve, resulting in an
million, resulting from economic recession from pandemic of COVID-19. 2. Gross profit was Baht 40.35 million which decreased Baht 19.95 million or 33.08% from the corresponding period of the previous year