, the Company has strong financial position among of the domestic economic uncertainty. The total assets increased 3,222.72 million baht or 6.78%. The net of total hire purchase loans increased 3,195.18

The fast changing situation and high uncertainty due to external factors, especially the Covid-19 pandemic and digital disruption, affect several sectors, which in turn influences developmental

) Environmental uncertainty (Cormier al, et, 2013) Personal aims of the managers, i.e. conservative or aggressive (Rodrigues & Esteban, 2012) Economic/Financial crisis (Latridis & Dimitras, 2013; Trombetta

insensitive of interest rate fluctuations. Additionally, inflation uncertainty during a few weeks or months is negligible.* *Bodie, Kane and Marcus (2005) Data & Methodology MM exceeds Equity Balance (18,200

mentioned. Financial Position As at 31 March 2018, Singha Estate registered consolidated total assets of Bt.40,977mn with total liabilities of Bt.21,961mn, relatively unchanged from that as at the end of 2017

second quarter of 2020, which grew by THB 50 million or was equivalent to a gross profit margin of 56% that was essentially unchanged from gross profit margin in the second quarter of 2019. 3

operations. 2. Gross profit was THB 87 million in the third quarter of 2020, which grew by THB 41 million or was equivalent to a gross profit margin of 50% that was essentially unchanged from gross profit

value is reduced in the same value making the net profit unchanged. Therefore, in order to comply with the Financial Reporting Standard No. 15 (TFRS 15), subject: The revenue from contracts made with

, unchanged from the end of prior year. Still, the ratio did not exceed 3.00 times, which is the covenant for bank loans and debentures. 3 Income Statement For the three-month ended March 31 Change Unit

, an increase of Baht 3,076.25 Million from the end of 2018. Net-Debt-to-Equity ratio according to the Company’s consolidated financial statement as of June 30, 2019 was 1.07 times, unchanged from the