, because the growth of the same store sales of the domestic restaurants and bakery shops are decreased by 3. 2 percent and 7. 2 percent respectively as a result of an domestic economic slowdown and the
. Therefore, the company's performance is mostly affected by its ability to win and retain business from the existing and new customers. In turn, customer demand is affected by world economic growth and the
concerning Strengthening Economic Relation between Hong Kong and Thailand, signed on 29 November 2019. In this connection, the Securities and Futures Commission of Hong Kong (“SFC”) and the Office of the
Logistics Public Co., Ltd. (“NCL” or ("the Company") slightly gained less revenue than the previous year around 1.49% due to poor overall economic situation at the beginning of the year. NCL tried to follow
). Industry Overview The Office of the National Economic and Social Development Council (NESDC) reported that Thailand’s GDP in 2018 growth 4.1% YOY, driving by private consumption and investment. Although the
PDR to facilitate Economic and Industrial growth according to National Economic and Social Development Plan No. 7. 8. Condition Precedent This transaction is considered as class 2 transaction according
collection history, aging profile of outstanding debts and the prevailing economic condition. Management believed that allowance for doubtful accounts is adequate in the current circumstances. Inventories Unit
and international economic situation, political situation, household debts as well as demand-supply imbalance. In Q2/2019, the LTV (Loan to Value) measures are enforced. Business operators thus need to
driven by lower sales of matured branches in conjunction with the slowdown in the country’s economic conditions and competitive landscape in the industry. However, revenues from branches in the ramp-up
prevailing economic condition. Management believed that allowance for doubtful accounts is adequate in the current circumstances. Inventories Unit: Million Baht Consolidated financial statements 30 June 2019