seasonal (Q1) average. However, Cash collection in Q1/2020 is lower than that of Q1/2019 because of the sizeable payment from one significant debtor. The company forecasted that the actual impact from COVID
Q1/2020 is lower than that of Q1/2019 because of the sizeable payment from one significant debtor. The company forecasted that the actual impact from COVID- 19 would come into play in Q2/2020 onwards
Directions The outlook of the country in 2019, the forecasted GDP is at 4.0%, which is lower than forecasted GDP in 2018 at 4.2% due to the world economic slow down which is impacted by the slow down of
compared to the past year. In addition, the tax expense of the company is forecasted to grow as the Sriracha Power Plant has fully utilized BOI benefits for tax exemption in 2017 and the many BOI benefits
Thailand’s overall economic has been forecasted to grow around 3.6% this year compared to a growth of 3.2% in last year, after seeing a growth of spending within the country, as well as, the injection from
Utilities and in preparation for COD of IRPC-CP Phase 2” 2 Management Discussion & Analysis (MD&A) Q3/2017 Management Discussion & Analysis Thailand’s overall economic has been forecasted to grow around 3.6
developed companies as well as initiatives related to utilities and energy sector. Significant events in Q2/2018 5 Q3/2018 Market environment and Directions In Q2/2018, Thailand’s economic was forecasted that
sector • The consumption of electricity in 2019 is forecasted to increase by 2.6% following the improved economic conditions • There are currently 4 main projects that are under construction including
the 2nd quarter onwards. • For Thailand overall economic outlook, the GDP of Thailand in 2020 is forecasted to contract by 5.3 percent, compared to the previous year, as a result of the spread of the