, and mobile phones to support remote working and learning during the pandemic. Without reasons to upgrades, consumers continue the usage of their existing devices which impact the overall IT market
decreased considerably according to the epidemic of new coronary virus 2019 (Covid- 19) and lockdown in many countries around the world, including Thailand in which drastically affects the domestic
program rights that has been broadcasted via digital television or DTT which the Company continuously growth. As a result of the epidemic situation in the first quarter of 2020, the customers are unable to
of 71.8 percent and net profit of Baht 12.40 million or decreased by 69.1% while compared to the same period of last year which the net profit was Baht 40.13 million due to the epidemic situation from
purchasing power. Government spending is also important in sustaining the economy, with government spending increasing compared to 2020 due to COVID-19 epidemic mitigation. Specifically, the third wave of
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
Page 4/20 Economic Overview and Competition among Commercial Banks In the first quarter of 2020, Thai economy highly contracted from the same period last year as the COVID-19 pandemic has caused
, 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