closely with our customers to demonstrate the added value.” 2. Outlook A more challenging external environment, owing to continued trade tensions, impacted negatively on the economy in the second quarter
sales structures to be more appropriate. Furthermore, the Company was negatively affected by news related to manufacturers of substandard products and the closure of the biggest wholesale skincare market
be negatively affected by the aforementioned circumstances. Nevertheless, we will continue to ensure business stability by ensuring that MACO maintains a sufficiently strong cash flow. Once the global
to the consolidated financial results of Golden Lime. 2. Outlook The global Covid-19 pandemic will affect the Thai GDP negatively by 6-8% this year as of BOT projections, while in FY 2021 with a bounce
economic front and greater political issues. Therefore, 2020 will be the most difficult and unpredictable year for the Company. For MACO, we expect the Company’s performance to be negatively affected by the
period last year. Our net profit was negatively impacted by TAS12 of .9 Mb, the tax amount of taxable underwriting fee expenses. Without the TAS12, our net profit after tax would be 14.75Mb or an increase
portfolio and also negatively impacted from the economic slowdown and during the early stage of implementation of new collection system. - Finance Cost The Company recorded consolidated finance cost in the
China were strong, grew 6.6% and 39.49% year-on-year respectively and outperformed the industry. Portugal, however, reported a reduction in volume by 25.42% due to microchip shortage which has negatively
high level of household debt limiting widespread consumption 2) Escalating trade tension between US and the rest of the world including a slowdown in the Chinese economy which could negatively impact