MACO’s performance was dramatically affected from lower advertising demand due to the COVID-19 pandemic and global economic uncertainty. Consolidated revenue decreased by 25.9% YoY to THB 512mn o
significantly by 31.41% to 281,713 units as global economy recovers. For the period of January to December, total vehicle production volume increased by 18.13% year-on-year to 1,685,705 units. Domestic demand
demand for cars was partly driven by the end of Sales and Service Tax (SST) exemption in June 2022. Car booking before end of June would be eligible for SST exemption if registered before end of March 2023
increase of 14.1%, reaching 293,083 units. The primary export markets include the Middle East, Europe, North America, Central and South America. Nonetheless, the domestic demand for vehicles witnessed a
in the OEM parts following customers’ orders and to meet customers’ demand at the end of the year. The balance of property, plant and equipment also increased from the investment in new molds. Moreover
impacted by declining global demand, which has also led to a deceleration of private consumption as a result of lower employment, particularly in export- related manufacturing sectors. Elevated household
economy is getting better and there is a higher demand of automotive parts in the country. Moreover, the domestic sales increased by Baht 68 million or increased by 23% from the sales of OEM of Toyota
in capital expenditure. However, external demand softened as the value of merchandise exports grew at a slower pace. (Source: BOT Press Release No.3/2020 on the Economic and Monetary Conditions for
from the existing and new customers. In turn, customer demand is affected by world economic growth and the customer's sales growth. The groups sales revenue are in foreign currency (primarily USD) and
demand of customer in this period due to economic recession. The Company and its subsidiary companies have announced net losses of THB 133 million in Q2/2017 or increase loss by 9% compared to the period