the revenue in Q1–2020, it is recognized from projects that have just been bidding at the end of 2019 and at the beginning of 2020 and also large projects which have been ongoing since the year 2019

Logistics Public Co., Ltd. (“NCL” or ("the Company") slightly gained less revenue than the previous year around 1.49% due to poor overall economic situation at the beginning of the year. NCL tried to follow

take-home or delivery services only. The Group placed importance on maintaining continuity in providing efficient services to our customers and therefore the Group focused on improving the efficiency of

. Comparing Q1–2018 and Q4–2017, showed that the change rate in total revenue and total expenses decreased at a very similar rate, representing a decreased of 18.3% and 19.7%, respectively. However, comparing

net loss at the amount of Baht 62.72 million, comparing with the same period of previous year, the net loss at the amount of Baht 56.48 million which the net loss was increased by Baht 6.24 million

increase of 206.2 MB and 133.3 MB, respectively, due to the auctioned projects, which were bid at the end of Q1-2017, has gradually delivered in the Q2-2017. The overall economy expansion in Q2-2017 has

year affected to end user to delay their purchasing order from the retail store and therefore the distributor delayed ordering for their stock as well, together with the delivery plan were delayed to Q3

, had paid all of loans to the Company. Inventories decreased by 81.4 MB or decrease of 26.6%. This is because the project in accordance with the contract had completed for delivery in the end of Q2–2018

147.41 Million Baht subsidiaries was effected by COVID-19 virus, resulting in decline in delivery  Unrealized gain from measurement of financial asset of 247.03 Million Baht as adjustment on fair value of

) Revenue structure + (-)2018 3 | MANAGEMENT DISCUSSION AND ANALYSIS 2019 Revenue from steel tower manufacturing decreased by 37.21% as a result of rescheduling of production and delivery plan by major