Thai Baht. 11 . Loss from compensation of damages was Baht 11.81 million equivalent to 100% compared to the same period of the previous year as a result of the damages claimed by the injured party
1 (-Translation-) Ref. No. IRS.025/2019 October 31, 2019 Subject Acquisition of Shares in Hello Bangkok LED Co, Ltd., which is an Assets Acquisition Transaction of the Company, Issuance and Offering of the Newly Issued Ordinary Shares of the Company through a Private Placement which is a Connected Transaction, Capital Reduction, Capital Increase, Entering into the Right to Sell Advertising Media Agreement which is a Connected Transaction, Appointment of the Independent Financial Advisor and Call...
, the cost of sales and services increased as the Company recognized loss from write-down of inventories to net realizable value, which further hurt the Company’s gross profit. In 2022, selling and
THB 3.99 million (+25.25%) from increasing interest rate, still hurt the Company’s net profit. In 3Q2023, the Company’s net profit amounted to THB 51.25 million, increased by THB 37.56 million YoY
, still hurt the Company’s net profit. Nevertheless, certain expenses increased in 2023 which include: (1) an increase in Bank fees of THB 50.63 million due to an increase in credit cards transactions as
severe flooding or heavy monsoon rains also deals a serious blow to households’ properties and quality of life. These extreme events would inevitably hurt demand for financial services as well as borrowers
inevitably hurt commercial banks’ opportunities and business operations. 1.3 Significant Regulations and Rules related to Business Operations2 Significant regulations and rules that may have affected KBank’s