, while we expect an impact, we do not expect this to be as severe as in the highly impacted sectors of the economy.” 2. Outlook The global Covid-19 pandemic has affected Thai Q1 GDP with estimates that the
Standards No. 9 and No.16, as of January 1st, 2020, has impacted the Company's statements of financial position, especially the No.16, causing the company to recognize right of use and financial lease
restaurant’s operational expenses were lower due to outlet modification as mentioned above. Net Profit Although our business was impacted by COVID-19 pandemic, the company reported positive net profit at Baht
impacted by the situation. Which many departments and many research agencies have forecast that gross domestic product will shrink by more than two digits. In additional it will affect the operating results
measurement in several countries resulting a significant decrease across economic activities which expected a deep economic deceleration throughout the year. During the last period shrinking economy impacted
13.7% from 2Q20. When comparing with 3Q19, net profit declined by 16.3% mainly from the increased in provisions as a result of the continued uncertainties from the economic slowdown as impacted by COVID
down movement of the Thai stock market in March 2020, the Company’s overall profitability on the gains and return on financial instruments was also significantly impacted in the first quarter of 2020
quarter and some of the large project in 2021. In addition, the Company was less impacted by the COVID-19 situation in Q1–2021 than those in Q1–2020. Many customers in that period had postponed the delivery
retail businesses, has also been impacted by several of Thailand’s economic indicators including the consumers’ confidence index which hit the lowest in 38 months, the floods in upcountry, as well as the