recognition of the connection between sound ESG management and corporate resilience. And third, there is today much greater public scrutiny of companies and investors and the role they play in the economy and
global economy volatility impacted to Thai Baht appreciation against major currencies, i.e. USD, have had negative effect to the export business while the importer took this opportunity importing products
%. Because in the past the market has increased the price competition. In addition, customers negotiate the price by referring to the decrease in world wheat market prices and the appreciation of the baht in
to resolve the long time overdue debts and seeking sufficient working capital in order to support the business operation. - The facility of Company is considered as the state-of-art steel mill and the
state-of-art steel mill and the production of the company can substitute the import HRC. - As the above reasons, the Company believe that with the new working capital injected to the Company and lower
4,061 million, increased by Baht 702 million or 21% from 2018 mainly caused from the recognition of the operating results of the projects that the Company has invested and the commencement of commercial
overall selling price decrease, especially for Caustic Soda due to the fall of its market price trend, plus impact from appreciation of Thai Baht against US Dollar. However, those negative impacts were
million, an increase of Baht 171.83 million or 5 8 . 4 9 percent, respectively. as result of the revenue recognition of Sun Express Logistics Pte. Ltd. for this year. The Company recognizes revenue from
) for Period (22,359) 5,232 (27,117) (518.28) Page 2 of 4 Year 2019, the Company’s revenue from sales and cost of sales increased when compared with prior year. Because the recognition of revenue and cost
policies of major countries and the Baht’s ongoing appreciation. However, the Thai economy has been supported by the expansion of private consumption, due to an increase in auto sales in the first half of