Limited – has been completed on February 19, 2020 CS-02/2020/005 26 February 2020 Management’s Discussion and Analysis S Hotels and Resorts Public Company Limited S Hotels & Resorts, A Singha Estate Company
(TFRS 15) has been applied to GHECO-One which resulted Gheco-One to levelize the AP over the contract period rather than the front-loaded AP received from EGAT according to PPA and to record the deferred
opportunity and obstacles in operating businesses of the Company so it requires the improvement and development of its competency beyond both domestic competitors and those in ASEAN region. Thus you have been
million, which TARCO had a loan agreement for Bt550 million to invest in the Hydrant pipeline system expansion project Phase II at BKK. TARCO has been granted a 3- year grace period. The loan will be due on
3,300 3,400 6M/16 6M/17 - 2 1 % Y o Y - 1 7 % -12% YoY -12% YoY Page 3 However, Branded export sales continued to grow strongly by c.20%, since the Company has been working closely with its distributors
sustainable growth organization. Our domestic performance has been invigorated by the product strategies that are not only limited to rolling out branded products under Carabao trademark, ranging from Drinking
strong fundamentals in order to drive our businesses towards a sustainable growth organization. Our domestic performance has been invigorated by the product strategies that are not only limited to rolling
TARCO had a loan agreement for Bt550 million to invest in the Hydrant pipeline system expansion project Phase II at BKK. TARCO has been Page 8 of 8 granted a 3- year grace period. The loan will be due on
that the meeting consider and approve the offer for financial assistance or the Granting of Loan Transaction which has been provided to JAS. 6. Sources of funds and sufficiency of the working capital The
shareholders meeting which proposes that the meeting consider and approve the offer for financial assistance or the Granting of Loan Transaction which has been provided to JAS. 6. Sources of funds and