of the Thai baht and the intense competition which caused the exports to shrink from the previous year. Domestic consumption was also affected by high living expenses and household debt, as well as the
activities with another foreign digital asset trading platform and allowing payment for the transactions made in Thai baht through Prompt Pay and Thai QR. Such provision of services may be deemed the
Discussion and Analysis Quarter 3 Ending 30 September 2020 G Steel Public Company Limited Page 3/3 Total net loss from exchange rate amounted to Baht 149 million due to weakening of the Thai Baht against the
also affected by the strengthening of Thai Baht, which resulted in a decline in total value when converting their operating results from local currencies to Thai Baht for the consolidation of financial
market which results to low selling price. Another factor is the appreciation of baht which reduces our export revenue when changing to Thai baht. And the effect of employee benefit, according to the new
Q1 2017, of which 92% contributed from zinc trading business and 7% from renewable energy. The decrease mainly resulted from a drop in total sales volumes and the appreciation of Thai Baht against USD
subsidiaries in Thailand and Singapore grew from the same period last year. However, the subsidiaries overseas were also affected by the strengthening of Thai Baht, which resulted in a decline in total value
global economy volatility impacted to Thai Baht appreciation against major currencies, i.e. USD, have had negative effect to the export business while the importer took this opportunity importing products
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from export sales which was affected by Thai baht appreciates against US dollar. Other income increased 245.62 percent, due to higher gain from exchange rate. . Cost of goods sold and expenses (Thousands