management recognized revenue from construction under a concession arrangement in accordance with percentage of completion of the fair value of assets. The Group’s management also recognized cost of
. The SEC also encouraged audit firms to prepare for compliance with the International Standard on Quality Management 1 to drive the improvement of the quality control system of audit firms in the capital
when the contract ends. The Group’s management assessed the agreement in accordance with TFRIC 12 ‘Service Concession Arrangements’. As a result, the Group’s management recognized revenue from
2017 which is in line with an increase in revenue and improvement on EBITDA margin. • EBITDA margin improved to 27.7% in 2017, primarily due to high efficiency of our new power plants became commercial
revenue loss from the Hong Kong Branch is estimated to be minimal since revenue from initial fee will not be impacted and the franchise fee income will continue to be recognized in Q4/2019 after the
lockdown in many countries around the world including Thailand. But the negative impact on domestic consumption, manufacturing and export sectors persisted in this quarter, despite improvement from the
individual auditors’ engagement. The overall results of the inspection conducted on 13 audit firms in 2016 during the third cycle, which is between 2016 to 2018, indicated continuous improvement from the
after the ERC Announcement or by March 2, 2018. First Recognized Revenue from EDL For Q3’2017, we first recorded revenue arising from electricity sales to EDL in the amount of Baht 59 million generated
including a dedicated fulltime safety officer will support an improvement in 2020. The biggest impact on revenues was the loss of volumes due to the weak steel and sugar segments with burnt lime shipments
) selling and administrative expense reduction according to the Company target. EBITDA in Q1/2020 was Baht 90 million, an increase of 1,003% from Q1/2019 that recognized EBITDA Baht 8 million. Thai