was a decrease in the volume of orders from customers of all industries, especially the oil refinery and petrochemical groups, as a result of the oil price war in March, together with the impact of the
acquire Suntower since 2015. Consequently, both SPRIME dividend income record and saving on financing cost will start to impact on S’s consolidated financial statement since Q1’2019. Page 2 of 7 Management
. Crossroads project, the first Maldives integrated leisure and resort destination, has been under development and had no impact on 1Q19 performance. Page 4 of 7 Management Discussion and Analysis 1Q2019 1Q19
Company’s project transferred during 2Q19 climbed up significantly. Down payment at 15-20% possibly plays a vital role in reducing portion of speculative buyers in our projects, minimizing negative impact
due to decreased of the revenues from Ibis Style Hotel Chiangmai by THB 4.89 million causing from low season together with economic slowdown impact and closing partial hotel area for renovation. For
decrease in expected credit loss was mainly from additional provision in the previous quarter in accordance with the new Financial Reporting Standards (TFRS 9) coupled with provision for future impact of
addition, all expenses related to leases previously classified as operating leases are presented under ‘Depreciation, and ‘Interest expense’. The adoption of the new standard had an accumulated impact on Jan
higher gross margin that can be covered the increased SG&A expenses. Operating Results and Capabilities to Make Profit Performance from revenues, costs and expenses which has significant impact in Q2-2020
credit card by 2%, which effective in 1st August 2020 and decreasing of credit card spending due to the impact of the COVID-19 pandemic. However, credit card revenue was 30% of total revenues. For overseas
profit of 147.76 million (0.83%) in 2020. The Company’s net profit has improved by 592.98% compared to 2020. It should be seen that company’s profitability improved significantly after a significant impact