economic slowdown resulting in declining export and plunging tourists’ spending especially Chinese tourists. The instability in Thailand politic and election in March 2019 slowed public investment. High
subsidies. General admin expenses were Bt2,648mn relatively flat YoY while declining 19% QoQ from lower staff cost. Depreciation and amortization was Bt110mn increasing 15% YoY mainly from shop expansion
tons or 8% compared to the same quarter of the previous year. While, fatty alcohols sales volume was sold at 24,798 tons, increased by 563 tons or 2% from 1Q2018. As above reasons and the declining of
and loss from revaluations stood at 46.7% for 2019, declining from 47.8% from 2018. Impairment loss on loans and debt securities for 2019 totaled Baht 1,676 million comparing to Baht 1,245 million for
loss from sale of foreclosed assets and loss from revaluations stood at 45.9% for 3Q17. Bad debts and doubtful accounts and loss on debt restructuring totaled Baht 75 million, declining considerably from
the first half of 2016 due to the declining in raw water sales volume of the household customers. The average raw water tariff stayed at 10.82 Baht per Cu.M., increased by 0.07 Baht per Cu.M., or 0.61
EBITDA was recorded at THB 88 million, a decrease of THB 49 million or 36% from the same quarter of previous year. This was primarily impact from declining of glycerine price driven by rising of global
namely 1) Structural changes in Thai economy, particularly high level of household debt, that leads to low level of consumption 2) Escalating trade tension between US and the rest of the world, which could
household debt, that leads to low level of consumption 2) Escalating trade tension between US and the rest of the world, which could negatively impact export and investment 3) Less surplus of Thailand’s