impact by the continued global economic downturn therefore overall reduced consumption in all as compared to previous year. 2. Cost of sales For the second quarter of year 2017, the Company’s cost of sales
-19 outbreak and to alleviate economic downturn. Although, many countries have gradually relaxed the lockdown measures, and businesses resumed their operations, consumer spending is still not yet fully
, investment and tourism. It was inevitable that the disruptions from the lockdowns led to a sharp economic downturn in 2020. With the great efforts of all governments in putting fiscal policy ahead of monetary
) expects the Thai economy to contract by 6.7 percent. The main factors driving the economic downturn are the contraction in exports of services, predominantly tourism revenues following the sharp fall in the
. Managing the portfolio of non-performing loans to client or portfolio that are not much affected by the situation. The company expects that the cash flow may decrease somewhat due to the economic downturn
of (i) Baht 469.24 million from Outright sales and (ii) Baht 67.51 million from installment sales. The Company believes this is due to the economic downturn which led to the slowdown of purchases of
67.51 million from installment sales. The Company believes this is due to the economic downturn which led to the slowdown of purchases of real estate properties since 2019 3.3 NPLs by Portfolio
would occur. Telecom as an essential infrastructure and service is relatively resilient in nature to the economic downturn and hence normally performs ahead of the general GDP trend. Thai GDP contribution
would occur. Telecom as an essential infrastructure and service is relatively resilient in nature to the economic downturn and hence normally performs ahead of the general GDP trend. Thai GDP contribution
397.1mn in Q1/2019. GPM in this quarter also decreased to 11.7% from 28.6% in Q1/2019. The pressure on the GPM in this quarter was because the economic downturn which started since late 2019 had caused the