competitive landscape remains challenging. We saw particular weakness in the steel sector as uncertainty led to reduced production and after a record sugar season in 2018 this sector has been behind our
which led to an 19% increase in total core business revenues compared to Q1 2017. This revenue was generated from the lime business with the additional 50,000 Mt of capacity added from the new kiln and
Global Media (Malaysia) Sdn. Bhd. (“VGM”) which began in this quarter and the full-quarter consolidation of Trans.Ad Group. However, within the domestic market, due to the low seasonality, which led to
expiry of safeguard on alloy steel, and strengthening of Thai Baht, and the current out break of COVID-19 has led to continuous decline in domestic steel prices from second quarter of 2019 and impacted the
%. The main reason was Baht appreciation more than the corresponding period of previous year. That led to the decrease in cost of inventories. Exchange rate during Q1/2020 was between 30.28 – 33.09 Baht
, with the effect of COVID-19 outbreak, the labor has temporary moved from service sector back to agriculture sector which led to more demand in agriculture equipment. Other that the above reasons, in Q2
of a possible recurrence of the outbreak in Thailand, have led to severe restrictions on inbound and outbound travel. This has resulted in a massive contraction of the tourism industry, as well as the
multimedia display systems such as LED displays, content control and media management systems, installing a connection system for commanding and storing data via the internet and CCTV, including designing and
in the design and installation of multimedia display systems such as LED displays, content control and media management systems, installing a connection system for commanding and storing data via the
investment in the year 2019 but no such transaction in this year together with the effect from COVID-19 outbreak which led to the decrease in traffic and ridership volume resulting to the decrease in revenue