pandemic of the Covid-19 virus and sluggish economy affected to undermine purchasing power and confidence of consumers, temporary stores closed according to Emergency Decree Government Administration in

credit limit, debt moratorium measure, to assist for state welfare card holders and to stimulate domestic tourism under “We Travel Together” project; buying power of the consumers have remained stagnant

quarter of 2019 continued to expand driven mainly by domestic demands. Private consumption expanded in all categories supported by the improvement in purchasing power from the rise in farm and non-farm

estate developer and its customers. Although overall economy is soft, the Company’s target group of customers can maintain their purchasing power.   For recurring income business, the Company had adjusted

MANAGEMENT DISCUSSION & ANALYSIS 1Q 2020 15 MAY 2020 U CITY PCL 1Q 2020 - MD&A (for three-month period ended 31 March 2020) 1 U CITY PCL 1Q 2020 KEY FINANCIAL HIGHLIGHTS • Total revenue increased by

travel restrictions which affect the number of both Thai and foreign tourists. In addition, purchasing power of consumers is thoroughly affected and this negatively impacts private consumption, although

have not been sufficient to completely offset shrinking consumer purchasing power, particularly in tourist areas. The Company has placed great importance on complying stringently and promptly with the

purchasing power has still not recovered. This is reflected in the consumer confidence index which remains at very low levels, with consumers remaining concerned over high levels of household debt and their

main reason for the decline in user spending was the inflationary situation of the country's economy, causing the consumer purchasing power to decrease, together with the concerns of users about future

profit Baht 16.89 million increased from the same period of the last year that had the amount of Baht 1.62 million of such gain from investment deriving from gain from investment value of Green Earth Power