equivalent to -59.59 % and – 14.81 % net profit margin of 2017 and 2016, respectively. The loss was higher than last year due to the reduction of the company’ s total income and the increase of the
31 March 2020, most of our owned and managed hotels (74%) were temporarily closed but are expected to return to service by June 2020. The Company has applied cost reduction measures to maintain
June 2020, around 80% of our hotels were reopened, while the rest 20% were planning to reopen in 2H 2020. The Company has applied cost reduction measures to maintain liquidity. In Europe, the Company is
(3); (b) The licensee having a legal entity in the conglomerate being a securities company obtaining a securities business license type A where the said securities company has been granted a reduction
Page 1 of 11 Singha Estate Public Company Limited Management Discussion and Analysis 1Q2020 Executive Summary Bank of Thailand, in late March 2020, slashed its forecast for Thai economy from the
under various potential sales reduction scenarios. The Company expanded a short-term credit line and a short-term loan was drawn down during the first quarter to meet payment obligations. In the second
sufficiency of fund The Company has necessity to raise additional fund of Baht 141,890,754.65, approximately, for repayment of debts of the Company and reduction of financial burdens, including an accommodation
negative impact to the company such as a reduction on the consulting fee and utilities expenses. In addition to the expense’s management, the 2Q20 2Q19 % Change 6M20 6M19 % Change Occupancy % 15.6% 70.2