several financial institutions. GFPT Group has adopted the new financial reporting standards which are effective in 2020 by the Federation of Accounting Professions that have been adopted for the first-time
January 2020, at the early stage before a widespread of COVID-19 was prevalent in Thailand. Several precautionary measures have been put in place to ensure the overall employee’s health and safety, as top
certified public accountants from PricewaterhouseCoopers ABAS Limited to carry out the audit work. 2020 Outlook The Company is aware that risk of second wave of infection remains in place even though several
support and several kinds of loan package, reduced electricity and water tariffs, and put in place a debt moratorium for citizens and businesses. The Cabinet of Ministers issued an emergency decree
both Thailand and abroad temporarily disrupted several economic activities. The tourism sector substantially declined due to Thailand’s inbound travel restriction measures. Manufacturing productions were
the 3rd Quarter 2019. GFPT Group has policy to mitigate risks from foreign exchange rate volatility, which occurred from export sale and raw material importation by hedging forward contract from several
million Baht increased from the 1st quarter of 2020 by 26.82 million Baht or 165.00% from an increase in Refined Glycerine market price and increase sales volume due to demand in several industries during
weak economy, reflecting in fragile consumer spending and sentiment. Several research houses have subsequently revised down the GDP growth forecast below 1% with the view of prolonged impact toward year
sentiment. Several research houses have subsequently revised down the GDP growth forecast below 1% with the view of prolonged impact toward year end. Toward the end of 3Q21, the government has gradually
services will remain for the rest of the year. Higher marketing cost will be incurred from resumed business promotions and activities compared to a low base in 2021 due to several lockdowns. We launch