changes over the past few years. Traditional media such as television, newspaper, magazine and radio has been in steady decline, while Out-of-Home (“OOH”) and online/digital media have become the go-to

customer has canceled the order suddenly. Given such circumstances and a decline in crude palm oil price, the Company has encountered a difficulty in managing the inventory turnover and recorded stock loss

rate in 2009 following the Hamburger crisis. The Committee assessed that the Thai economy would expand at a lower rate than previously assessed and lower than its potential due to a decline in exports

operation for several consecutive years. Causes are from change in media consumption behavior from print media to online media and overall economic slowdown, which result in a decline in ad spending on print

forecast. Exports of goods would decline in line with trading partner economies and potential impacts of regional supply chain disruptions.*  However, the Company sees that the lower interest rate also

continuous decline in global HRC prices and concerns about the growing spread of global epidemic of COVID 2019 towards the end of 1st quarter of 2020. This also resulted resulting in slowing orders from

to the decline in traffic of both OPD and IPD causing by the COVID-19 pandemic and the state of emergency announced by the government to prevent the spread of infection. However, revenue of World

disruption to the economy. Businesses and employment were affected by the lockdown measures while consumer purchasing power continued to decline due to the high level of household debt. However, the government

The costs of services decreased by 27.8% from the six months ended of year 2019 to THB 785.4 million for the six months ended of year 2020. The decline in costs of services was largely consistent with

year. The decline in total revenue was chiefly attributed to (i) revenue from hotel operations that decreased by THB 1,700mn (or 88.8%) YoY to THB 214mn due to the aforementioned impacts of COVID-19, and