improvement from 0.55 times at the end of last year. Current ratio as at the same date and period stood at 2.47 times SIGNIFICANT EVENTS 7 January 2019: Vienna International Hotelmanagement AG (VI) acquired 100
). All the hotels are located in Germany and Switzerland and are managed under the arcona and Steigenberger brands. 14 June 2019: Acquisition of an Office Building at Noble Ploen Chit. The Company acquired
development projects that aligns to the cash flow of The Company. MahaSamutr Project: The construction of MahaSamutr project – villas are 99% completed. The Company has managed to transfer a total of 5 villas
, Pathumwan, Bangkok 10330 Tel. 66 2 654 3344 Fax. 66 2 654 3323 The construction of MahaSamutr project – villas are 99% completed. The Company has managed to transfer a total of 5 villas and recognized a total
million in 6M20, decreased by 44.4% YoY. This decrease was from the temporary closure of managed hotels as a result of COVID-19 pandemic. Loss sharing from Investments The Company had loss sharing from
net profit is higher than Q4/2019 7.8 million Baht or increase 3.9%. An improvement of net profit form the same period last year is contributed from efficiency of debt collection and expenses control
, respectively, decreased by Baht 151.02 million or 9.17 %. This is mainly because of our continuous improvement since 2019 on our productivity, cost - 3 - reduction, Kaizen and 4DX Cost saving activities
, emphasizing FN brand awareness and increasing FN brand equity, so the marketing activities has been arranged with sales plan improvement and promotion efficiency spending. 1Q20 gross profits from services
period last year and decreased 4% from the previous quarter . Mainly came from efficiency improvement in collection and credit judgment. - Finance Cost In the first quarter of 2017, the Company had finance
Segment Grouping In 2019, the Company has changed reportable segments. The strategic divisions offer different products and services and are managed separately because they require different business