–2021 and Q2– 2020 due to relatively high competition, economic recession and the epidemic situation of COVID–19. In addition, -3- some operated projects have higher actual costs than the estimates; as
competition with the management company’s operation, unless the management company can show that its organizational structure does not cause any conflicts of interest or has established effective policy and
similar to or in competition with the management company’s operation, unless the management company can show that its organizational structure does not cause any conflicts of interest or has established
from the wholesale business decreased due to competition from larger competitors within the dealer customer group. However, the trend for franchises has improved, even though it cannot fully compensate
has been significantly completed as of 4Q18 • Major renovations comprises 1.) CentralWorld, which has been ongoing in phases since 4Q16, has been significantly re-developed as of 4Q18. At the end of
the slowdown in fruit juice market in Thailand as well as price competition from competitors in the market. However, domestic branded sales improved 8% QoQ. Domestic Contract Manufacturing (CMG) sales
, amounting THB 898.27 million, reduced by THB 217.50 million or 19.49% down from 3Q2016. The revenue from feed segment continued declining in 3Q2017 due to intense competition of feed business in Thailand for
passenger yield dropped from 4.91 baht per passenger-kilometers to 4.79 baht per passenger- kilometers or by 2.3 percent as a consequence of intense competition within the industry. Regarding the airport