year 2016. The decreased sales revenue was mainly impact by the continued global economic downturn therefore overall reduced consumption in all as compared to previous year. 2. Cost of sales For the

introduced monetary and semi-fiscal policies to cope with the economic downturn to support the economy. In the third quarter of 2019, the company recognized revenue from the production line installation

during Downturn: Evidence of Realization Effect in the https://www.sec.or.th/TH/Pages/MarketData/sec_wpf.aspx

Revenue Analysis Group Sales decreased 8% in 2019 to THB 20,384m from 2018 at THB 22,264m due to market weakness from the downturn in the semiconductor cycle and the US-China trade war. USD sales were 5

still in downturn mainly from the shrink of export and import sectors which were negatively impacted by an economic slowdown of the trading partner countries with a significant drop in domestic

+7.0%. The manufacturing sector entered a downturn in the second half of March, with output and the PMI falling to a record low. Moreover, business sentiment deteriorated throughout Q1 and dropped to an

THB 19.34 million respectively, equivalent to a slump of 82.75%. Net profit margin also experienced a significant decline from 29.00% to 8.89%. The fall in net profit margin was derived from the

WPS”) to Eastern Printing Public Company Limited (the “Purchaser”) at price of Baht 9.6450 per share, amounting to the total of Baht 407.50 million. After the disposal of the Shares of WPS, WPS will

downturn in the goods-producing sector intensified, while agricultural output continued to fall amid a lingering drought. Consequently, annual private consumption growth moderated, while business and

of 530 million baht or 2.12 baht per share, decreasing by 46% y-y. The financial performance can be summarized as follows. Overview The Thai economy in the first quarter of 2020 contracted by 1.8