afterward. The capital increase from Initial Public Offering would result in the marked decrease in Debt- to-Equity ratio and financial costs going forward. On November 14, 2019, the Company entered into the
financial institutions of Baht 114 million; and (3) cash paid to finance costs of Baht 66 million. 6. Forward Looking The Year 2019 was another challenging year for the Company. We dealt with uncontrollable
result of (i) the THB appreciation against EUR (THB appreciated from 35.90 THB/EUR in 1Q 2019 to 34.49 THB/EUR in 1Q 2020) since the majority of the Company’s hotels earns their revenue in Euro and (ii
of last year. Revenue from sales of first half on 2018 decreased 0.25 percent due to the effect of Thai Baht appreciation even though sale volume and sale in CNF incoterm increased from first half on
from currencies appreciation as compared to same period of previous year. 3. Selling and Administrative Expenses For the second quarter of year 2018, the Company’s SG&A expenses was Bt. 1,074.65 million
percent from the same period of last year. Revenue from sales of nine-month on 2018 slightly increased 3.54 percent due to the effect of Thai Baht appreciation even though sale volume and sale in CNF
higher selling price and higher sale volume in CNF incoterm, while lower unit sold and appreciation of Thai baht against US dollar. . Cost of goods sold and expenses Three-month (Thousands Baht) Change
commodity swap of 26.79 million Baht due to higher aluminium price. Gain from exchange rate was 9.55million Baht due to appreciation in Thai Baht during this year. 6. In conclusion, for the year 2017, the
donation and promotion of social assistance.Mrs. Pornanong Budsaratragoon, SEC Secretary-General, expressed her appreciation for the successful collaboration, highlighting the collective effort in delivering
companies engage in significant transactions. The SEC and the Investment Banking Club have been working together continuously on these matters. “We wish to express our appreciation for all members of the