of the Company was caused by cost of goods sold that adjusted upward slightly from the change in production plan and changes in sales mix of different product lines. Sales Expenses Sales expenses for
from 2.3% in the second quarter of 2019, mainly driven by expansion of private consumption, government spending and tourism sector. Meanwhile, exports sector continued to contract caused by uncertainty
to be a tough year for KCE. The Company experienced a number of challenges, such as the slowdown in the world automotive market that caused a delayed startup of new projects in the current year
slump in credit card spending caused by of the COVID-19 pandemic. During this quarter the Company collaborated with new business alliances, namely Shopee and Grab Food, to increase business opportunities
market in the country last April. This caused problems for distribution channels of the Company’s customers, as they had to postpone their purchase orders of the Company’s products. As result, domestic
affected by floods which caused delay in the installation. Following such incidents, the Company received extension of completion due date under a resolution of the Cabinet to relieve construction
-peak period (during the low electricity tariffs) and the average capacity utilization was only 61%, thus, the current estimated useful lives under straight-line depreciation method caused the Company to
of risk from carrying successive losses of overall performance of Power Plant business caused by less productive machinery along with cutting down provision of financial support for Power Plant
recovery that increased by 18% y-y caused by the increased of expedite the legal process. Expenses The Company’s expenses mainly consist of operating and administrative expenses, expected credit loss and