Promotion Operation Review ... 1 The effect of natural disaster on earnings management Supavinee Jevasuwan Kasetsart University SEC Working Papers Forum 19th August 2015 2 Research Question 3

6.4 million baht or an decreased by 3.3%. The primary reasons for the Company’s incurred a net loss were the rental and services income and sale promotion revenues declined. And the cost of rental and

increased by 609.18 million baht or 55.61% from 1,095.42 million baht in Q2/2019 to 1,704.60 million baht in Q2/2020 because of the promotion campaign in ready to move-in projects in Q2/2020 including the

Thai Economy in Q1/FY2018 pushed forward the market’s growth in every aspects, as well as growth of Thai GDP that led to; 1. Increase in Company’s sales around 77.22 million baht or 5.99% comparing to

with the second quarter of 2017 increased from THB 35.59 million to THB 48.22million or increased THB 12.63 million or 35.49% because the Company use more cost of promotion and advertising of aforesaid

tourists. Nevertheless, going forward, if government’s stimulus measures in investment, tourism and consumption successfully implement. The impact would positively support overall economy. (Source : SCB EIC

sale of property - and received more sale promotion support from supplier. Thus, the details of the Company’s performance are explained as follows; Q1/2017 Q1/2018 Change MB. % MB. % MB. % Rental and

previous year, mainly due to the first 6 months of 2020, the Company has rental revenue from end-aisle product shelves and promotion programs decreased, which the increase or decrease of revenue from end

sales promotion. 4. The company had higher income tax expenses of Baht 18.92 million due to the increased profit. .../2 Translation - 2 - The company hereby reports to the SET accordingly. Sincerely yours

loss was from the strengthening of the baht. The company policy is to cover forex risk with forward contracts results in a forex loss of 0.23 million baht or an increase of 0.04 million baht representing