decrease in travelling expenses, but the higher in transportation expense which was in line with sales volume. Administrative Expenses Q2/2020, the Company and its subsidiaries had the admin expenses of
associated company to investment in available-for-sale securities. In addition, the corona virus pandemic which led to less transportation under the lockdown measure, weakened the financial performance of
from Q1/2019 in the amount 0.7 MB or 3.2 percent (22.0 MB in Q1/2019) as result from the decrease in transportation expenses. Administrative Expenses Q1/2020, the Company and its subsidiaries had the
. Business overview EGCO Group have invested in the Power Producer (PP), Independent Power Producer (IPP), Small Power Producer (SPP), Very Small Power Producer (VSPP), Coal Mining, Oil Transportation Service
through agents, transportation cost for distribution in both domestic and international market, sales promotion expense for exhibition ln Philippine. All cost of selling is incurred to increase the new
Saving Measures The Company is strictly implementing cost saving measures to preserve its liquidity. • Cutting unnecessary expenses and maintain strict cost control e.g. suspension of staff travel
staff travel, consultants, staff training, and marketing and advertising activities, suspending new hires • Optimizing staff by using technology to promote work efficiency and reduce overtime expenses
Company has been providing COVID-19 screening, quarantine, and treatment services in order to collaborate with the government measures. In addition, after the government relaxed travel restriction by
infection, easing measures to contain COVID-19 outbreak and lifting domestic travel restrictions in Thailand and several countries recently, various business strategies and marketing plans to be implemented
million, equaled to 2.60% of the total revenue from operations. The main reason came from the effect of COVID-19 pandemic, resulting in travel restriction and quarantine, curfew announcement, etc. The