the appreciation of the Thai Baht has led to the destination shift among the country’s target tourists. These factors have, undoubtedly, put pressure on the hospitality industry, which is the main
. The downside was mainly stemmed from the impact of export contraction affected by the global economic slowdown, prolonged US-China trade tension and the Baht appreciation. As for economic outlook in
to remain at the same rate if there is no significant change in natural gas price and the appreciation in Thai Baht. However, during September and December of 2018, Ft rate is expected to be adjusted
and according to target. In 2019, Thai economy has decelerated with GDP reported at 2.4% decreased from 4.1% in 2018 as a result of declining in export growth and Baht appreciation. The world-trade
as sales. Although the Company will has been better administration for cost of sales and control expenses than previous year, as a result to revenue recognition and gross profit was decrease. Net
all three outlets during February 2018. Kitchen Plus: sales was 10.4 Million THB, increased by 10.4 Million THB or 100% YoY, the company’s revenue recognition began in the fourth quarter of 2018
increasing from 4.79% in 2018 to 12.76% in 2019. The loss incurred is due to the recognition of gross loss from the construction business; higher administration cost to support the expansion of construction
. which is held 51% by the Company starts to recognize revenue. 1.3) Revenue from Real Estate Development increase THB 80.79 million due to starting of revenue recognition of the subsidiary. 1.4) Revenue