was lower due to order postponement in our key countries as a result of COVID-19 lockdown. Food business The food sales for Q3/2019-2020 was Baht 630 million, decreased significantly by Baht 1,210

) 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

AND ANALYSIS 2019 Revenue from steel tower manufacturing decreased by 37.21% as a result of rescheduling of production and delivery plan by major customer from 2019 to mid of 2020 due to eminent domain

increase of number of Thai and foreign tourists. As a result, the service sector and private consumption have expanded. Private investment has improved while Public expenditure shrink from regular government

and unemployment problem as improve from the government measure, such as ameliorate cost of living. In particular, the adjustment to the minimum wage in past. As a result in the year 2018, the Group has

due to 1) sales decrease; 2) higher cost per unit as a result of lower utilization rate; 3) higher depreciation; 4) higher excise tax and sugar tax following the Excise Act, B.E. 2560; 5) sales

agreements (TFRS 16) which are effective in 2020. In addition, as a result of the pandemic of the Coronavirus Disease 2019 (COVID-19), the company has closely monitored and followed up the operational plans of

million Baht or 17% as compared to 2017. Profit (Loss) As a result, the Company recorded net loss of 5,153 million Baht (59% of the total revenue), increased by 3,106% as compared to 2017 with net profit of

. 66 2 654 3344 Fax. 66 2 654 3323 Profit (Loss) As a result, the Company recorded net loss of 5,153 million Baht (59% of the total revenue), increased by 3,106% as compared to 2017 with net profit of

member cards increased 4% y-y. For branch development network, the Company has opened 2 new branch and closed down 6 branches to save operation cost. As a result, the Company has 107 branches, opened AEON