, the Company was affected by the ongoing outbreak of COVID–19 which caused the customers to change the work methods resulting in the delay in delivery and inspection of equipment or project. As a result
, resulting in the delay in delivery and acceptance of equipment or projects. As the result, the total revenue Q2–2020 was lower than those in other quarters. In terms of total operating expenses in Q3–2020, it
the provision for penalty on projects delay in Q3–2019. Other non-current assets decreased by 17.8 MB or decrease of 53.8%, due to the reduction of maintenance project which was paid in advance covering
, the employee expenses and the provision for penalty on project delay, therefore, the total operating expenses in Q4–2018 was high. While the gross profit margin of the Q1- 2019 increased and also the
Company increased the project cost estimation because of the problem of delay in handover of work area by the employer, overlapping tasks of the employer and changes and adjustment of the construction
delay is also attributed to the COVID-19 outbreak. 3.2 In the first quarter of the year 2020, the revenue from real estate development business has decreased 93.02 Million Baht or 56.67 percent in
2,358.19 million or 27.18% when compared to 2018. The Company increased the project cost estimation because of the problem of delay in handover of work area by the employer, overlapping tasks of the employer
in the next quarter. There are also the advance payments in for the construction project in amount of Baht 32.91 million. As at 31 December 2018, the consolidated liabilities of the Company and its
ongoing outbreak of COVID–19 has hindered operations, project delivery and inspections. As the result, many customers delay the delivery of project and equipment. Advance payment for products and services