growing less than expected and moreover Thai foreign exchange rate of the Baht was appreciate that cause Financial Institutions Policy Committee announce to decrease the policy rate to 1.25% per year that

smart solutions to improve the efficiency and productivity of their businesses. Nonetheless, economic concerns also persisted in this customer segment, especially in small and medium enterprises, and

same quarter last year and below the Bank of Thailand’s (BOT) target range of 1-3 percent. Core inflation was 0.13 percent, down from 0.54 percent in the same quarter last year. The average exchange rate

.) Government spending and investment in infrastructure despite a lower rate of growth due to the delay of government establishing and pending promulgation of 2020 capital expenditure 3.) growth in private

the remaining amount which higher than this loan amount to the Company. This shall be working capital of the Company and subsidiaries and shall improve the Company’s liquidity. When considering the

net profit margin 2) higher depreciation resulted from additional investments in plant, machinery, and office renovations to improve production efficiency and reduce production cost, in order to prepare

bad debt and doubtful accounts was mainly from the expansion of our loan portfolio and increased in writing off the bad debt. Moreover, the Company has developed a new collection to improve debt

growth of the business since 2018 and the fact that the Thai Baht value appreciated against US Dollar, the Company had loss on exchange rate, resulting in a decrease in net profit ratio (ROS) from 20.41

working capital in their operation business as GSTEL was currently in the process of debt restructuring and seeking funds from external source with aim to enhance its balance sheet and improve their

affordable price. The Company has established the three-year strategic plan during 2022-2024 for the organization to achieve sustainable income growth rate and profitability as well as income and profit growth