economic downturn and the outbreak of COVID-19 pandemic. Net Profit and Net Profit Margin • The Company reported net profit in Q4/2020 and 2020 of THB 17 million and THB 55 million, respectively, decreased
According to the Bank of Thailand and Office of the National Economic and Social Development Board (NESDB) data. Thailand’s economy in the first quarter of 2024 expanded by 1.5%, continued growing with
impacting the pick-up truck segment—in which more buyers rely on financing. On the export side, Q3 2024 saw a 14.8% decline, reaching 249,847 units, reflecting economic challenges in key export markets and
2018. This was a result of a decline in merchandise exports owing to the economic slowdown of trading partners affected by trade protectionism and the impact of structural changes in the manufacturing
and the economic situation as principles. Over the past five years, the Company pays dividends to the shareholders fairly in a reasonable rate according to the economic situation in that moment and
should continue to be accommodative so that the economic growth could continue and translate into the strengthening of domestic demand. Notwithstanding this, there are pockets of risks, such as debt
has been greater clarity on the direction of public investment in infrastructure projects, including those in the Eastern Economic Corridor (EEC). These factors have helped underpinning private sector
may, nevertheless, be vulnerable to changes in economic cycle or circumstances A+ A A- A1 A2 A3 A+ A A- Adequate capacity for payment of financial commitments - economic cycle and circumstances are
2.52 3.05 1.85 5.2.3 Risk Factors Business of tourism service operated by the Company significantly depends on the global economic situations and tourism. There are various risks that possibly occur