increased dynamism in exports of goods and services (source: IMF, October 2017). Steel output so far in 2017 is up 11% in Thailand and we expect this trend to continue. Also, sugar cane harvest is expected to
. This was mainly caused by the reduction of input tax of solar cell and equipment for solar energy which has been gradually deducted from output tax during the 9 months. Statement of financial position
, therefore, the Input VAT was higher than the Output VAT. Investments in joint ventures decreased by 24.5 MB or decrease of 34.2%, due to the recognition of share of loss from the joint venture Other non
+7.0%. The manufacturing sector entered a downturn in the second half of March, with output and the PMI falling to a record low. Moreover, business sentiment deteriorated throughout Q1 and dropped to an
from constuction of EPC service and revenue from construction contracts which are defined output by using the percentage of completion method. Currently, the Group has backlog for construction services
on new electric vehicles which resulted in a decrease in automobile output. 2) Car Dealerships Business; Higher sales in dealership business both in Thailand and Malaysia. In Thailand, sales growth was
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the contracted capacity of 90 MW. Additionally, the project has the 7 years contract with industrial user to sell 12 MW of electricity along with 13 tonnes per hour of steam output. The construction of