, grew by 5.2% YoY, resulting from strong performances of new mall, existing malls, and completely renovated malls. However, the revenues were impacted by the major renovations at CentralWorld and

revenue loss from the Hong Kong Branch is estimated to be minimal since revenue from initial fee will not be impacted and the franchise fee income will continue to be recognized in Q4/2019 after the

projects In 2Q19, the world’s economy was impacted by several significant events. In May, US-China trade war escalated again when the US announced plans to further raise import tariffs of Chinese goods

, liabilities and shareholders’ equity of the Company’s group as follows: Impacted Items to the Companies Group Estimated as at 30 December 2017 Cost Basis (Before Change) Revaluation Basis (After Change

Cube Building which caused the Company to record the impairment loss from investments in joint ventures and impacted on the decrease in shareholders’ equity. Appropriateness of the Funding Structure In

impacted due to continued weakening of international market for flat products and increase in imports of Alloy Steel and Hot Dipped Galvanized HRC into Thailand due to strengthening of Thai Baht and removal

comparative purposes. Total Assets as of 31 December 2019 was THB 53,531mn, decreasing THB 429mn or 1% from 31 December 2018. The decrease was impacted by currency translation of the company’s oversea assets

Company had to resort to very competitive pricing which impacted the EBITDA adversely. On 11 March 2020, the World Health Organization declared the Coronavirus (“COVID-19”) outbreak as a pandemic which

-expected net profit performance was partially impacted from the economic slowdown as a result from the COVID-19 pandemic, which started in early 2020. Domestic Advertising 33.7% THB 2,856mn International

, which substantially due to the decrease in operating revenue of Self- Managed Hotels and Outrigger Hotels, impacted by COVID-19 pandemic. Selling expenses The selling expenses decreased by 17.6% from the