Page 1 of 11 Singha Estate Public Company Limited Management Discussion and Analysis 1Q2020 Executive Summary Bank of Thailand, in late March 2020, slashed its forecast for Thai economy from the
was equal to 26.3 MB which it was the payment of interest from late payment of a large trade receivable. - 2 - Topic Annual Balance Change 2020 2019 2020 VS 2019 (MB) (MB) % Sales and Services Income
acquired in the third quarter of 2020 and one municipal solid waste power plant in Krabi which started its commercial operation since late December 2020. Net gain (loss) on exchange rate Q2-2020 Q1-2021 Q2
Dusit Princess Srinakarin while the overseas hotels showed an increase of revenue as well as additional revenue recognition from Elite Havens which Company invested in late 2018 and also revenue from
their allies unable to come to terms on oil production cuts. This further exemplified pressure on the price of crude in the global market to make a severe reduction late in the quarter. Average price of
. Excluding Dusit Princess Korat Hotel, which was disposed in late 2017, Revenue from Owned Hotel slightly decreased by 0.8%, contributed by - Revenue from Owned Hotels in Thailand, excluding Dusit Princess
contract with some retailer which resulted in reduced sales volume since late Q4/2017. However, export CMG sales could manage to increase 11% QoQ. 2018 Sales Revenue The Company and its subsidiaries recorded
appreciation of foreign currencies against Baht currency which impacted to the revenue from Hotel Business. However, the Company had revenue from new investments in new businesses such as Elite Havens in late