(0.24) million due to most customers in the government sector changing their bidding process to E-bidding which has lower cost and expense. (Unit : Million Baht) 2018 2017 Change % Change Revenue from
. Compared with the Q3–2017, the total revenue decreased significantly by 579.8 MB or representing a decreased of 35.5%, this is because the Company received quite a few projects from the governmental sector
production resulted to less in yield per rai, which led to a contraction of GDP 4.8% of agriculture sector. Moreover, off-season rice harvest areas also declined by 41.21% in this quarter effecting to a
central cloud expansion of the Public sector and the Service Agreement Project for the maintenance of data communication network systems and equipment of the National Telecom Company Limited. Revenue from
the tourism sector, the number of tourist arrivals for the first 2 months of 2019 expanded by 2.5% yoy, however, the number of Chinese tourists which contribute almost 30% of total tourist arrivals
Net operating debt to equity at 0.61 times with strong operating cash flow. Dividend payout remain much higher than its stated policy of 30% of net profits. Perpetual debenture of THB 15b refinanced at
$ 1.9B. Interest cost is expected to come down for year 2020, thanks to lower benchmark rates. Our net operating debt to equity went up to 1.35 times primarily due to the acquisition of Spindletop
revenue decreased 169.9 MB or 13.3 percent. This is because there are quite a few projects from the governmental sector in 2018 and those projects were delayed. The total operating expenses in the Q4-2018
, with the effect of COVID-19 outbreak, the labor has temporary moved from service sector back to agriculture sector which led to more demand in agriculture equipment. Other that the above reasons, in Q2