sales volume has risen up continuously but the export income was directly affected to be reduced from Thai Baht appreciation rapidly and tremendously. However, the company has protected the risk of loss

(decreased by 21.7 percent from Q4/2019), due to the Covid-19 pandemic which affected sales in the group of countries affected by such pandemic, particularly the sales through the distributor in China and

Instruments. The company has been affected by the government measures under the Emergency decree due to the prohibition a restriction on the people movement across provinces for some ongoing projects. However

same period of 2018. The main reasons is from consumers have change behavior which affected circulation revenue decreased by 24% and advertising revenues decreased by 1%, the Group has terminated the

industrial sectors across the country and around the world. The company is also affected, as can be seen from the revenue generated this year, some customers who were affected by such situation used less

1 Forth Smart Service Public Company Limited (FSMART) 1Q2020 Management Discussion and Analysis Operational Summary in 2Q20 (affected by Covid-19 pandemic and measurements from government) • Net

MACO’s performance was dramatically affected from lower advertising demand due to the COVID-19 pandemic and global economic uncertainty.  Consolidated revenue decreased by 25.9% YoY to THB 512mn o

. Assets increased primarily from impact of the adoption of new financial reporting standards, the acquisition of a new subsidiary and the depreciation of the Thai Baht that affected the value of Company’s

new WLTP (Worldwide Harmonised Light Vehicle Test Procedure) that became mandatory from the start of September 2018, which affected mostly car sales in Europe. However, sales in THB terms were

rate decelerated in accordance with the global economic growth which was affected by the trade war between the United States and China, together with the appreciation of the Thai Baht as one of the