revenue for the same period of last year. The positive impact is a result of more projects awarded in 2017 leading to more negotiation power and efficient cost management. 1. Business Performance Analysis
proceeds Preferred share General Mandate Ordinary share Preferred share 2. Allocation of new shares 2.1 Specify the purpose of proceeds Allocated to Number (shares) Ratio (old : new) Sale price (Baht/share
is the Company’s connected party, to own and have the absolute controlling power in the project SHAA Asoke; 2) investment in ONE CITY CENTRE (“OCC”) – grade A office building development project for a
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
adoption of new financial reporting standards, the acquisition of a new subsidiary and the depreciation of the Thai Baht that affected the value of Company’s overseas assets • Net debt to equity ratio at the
the year. Foreign purchasing power was greatly contracted by the impact of trade war affecting the sales volume while the falling price of raw materials in global market and intensive competition among
overseas assets • Net debt to equity ratio at the end of 2Q 2020 stood at 0.98x, an increase from 0.48x on 31 December 2019 2Q 2020 SIGNIFICANT EVENTS Impacts of Coronavirus Disease 2019 (COVID–19) COVID-19
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
restrictions and faced 100% drop in foreign tourist numbers. Likewise, the export sector has been affected by declining demand from trading-partner countries. In addition, the purchasing power of consumers is
a subsidiary company -12.24 -14.47 2.23 -15.4% -22.43 -28.05 5.62 -20.0% Net profit for the company and its subsidiaries 22.60 37.30 -14.70 -39.4% 40.13 80.62 -40.49 -50.2% 2 foreign purchasing power