service income, which is not related to its main business totaling THB 1.24 million while unrealized gains on exchange rate decreased by THB 1.07 million. Cost of services and sales Cost of services and

482mn mainly due to the aforementioned consolidation which was the main driver in increasing the cost-to-sales ratio from 57.8% to 64.5% in this quarter. VGM’s cost structure is higher than MACO’s

Company’s shareholders’ equity stood at THB 5,586.4mn, a decrease of THB 143.4mn or 2.5% from THB 5,729.8mn as at end of 2019.  The main cause was a decrease in unappropriated retained earnings which resulted

factors totally at the amount of 11,775 million baht. The Group has elected to recognize the cumulative effect of initially adopting of TFRS 9 and TFRS 16 as an adjustment to the beginning balance of

cumulative effect is recognized as an adjustment to the retained earnings as at 1 January 2020, and the comparative information was not restated. The impact to Financial statements of such adoption was

each product whereby particle-board and MDF are the main raw materials for furniture business. In this regard, the Company prepares to provide the way of reduction for cost and expenses of the production

502.38 million, an increase of THB 51.44 million YoY ( + 11. 41%) , and accounted for 7. 20% of total revenue compared to the same period last year. This increase is comprised of the following main reasons

in 1Q20, a decrease of 38% compared to the same period last year. The number of Chinese tourists, one of the main visitors to Thailand, plunged by 60%. The drastic drop in the number of tourists and

obligation Adjustment to retained earnings Adjustment to expense current period 2016, Q1+Q2 Adjustment to expense current period 2016, Q3+Q4 Patkol public company limited 101.25 204.54 103.3 92.62 5.34 5.34

main driver in increasing the cost-to-sales ratio from 53.1% to 64.4% in this year. VGM’s cost structure is higher than MACO’s domestic business due to higher expenses from concession in Transit and