standard and a decrease in Retained Earnings of Baht 192.0 million which derived from dividend paid of Baht 612.0 million in May 2020 partly offset by Net Income of Baht 317.4 million. 5. KEY FINANCIAL
margin of 36.97%, decreased by 5.03% as a result of the following 2.1 A decrease of gross profit margin by 1.28% due to the practice to comply with Thai Financial Reporting Standard No. 15: Revenue, which
Reporting Standard No. 16 - Leases (TFRS 16) For the 1st half of 2019 and 2020, the net profit decreased from THB 65.3 Mn to net loss THB 125.2 Mn respectively, a decrease of THB 190.5 Mn or -291.7% and the
and machinery. This was due to the impairment of assets according to the accounting standard. 2.3 Cost from banquet rooms and restaurants amounted to 22.82 million baht, a decrease of 59.46 million baht
profit decreased 3,401,625 baht or 87.46%. The main reasons were as follows: 1. Service income decreased 6,989,490 baht compared to the same period of the last year mainly from the decrease of income from
Financial Reporting Standard No. 15: Revenue, which is effective in 2019. 2.2 The decrease gross profit margin in the remaining portion came from the decrease of gross profit margin of the certain highly
decreased 8,038,522 baht or 86.51%. The main reasons were as follows: 1. Service income decreased 14,335,170 baht compared to the same period of the last year mainly from the decrease of income from Call
timely manner. Impact from Changes in Accounting Policy From 1 January 2020, the Group has adopted Thai Financial Reporting Standard - Financial instruments group and Thai Financial Reporting Standard No
from decrease of Total Shareholder Equity from adopting new accounting standard TFRS 15 and activated of Long-term borrowings from financial institutions of Baht 21.3 million. 3. KEY FINANCIAL RATIOS 31
First Quarter of 2020 1. EXECUTIVE SUMMARY WHAUP finished our First Quarter of 2020 with a Normalized Net Income of Baht 219.0 million, a 18.8% decrease from 1Q2019 while Net Profit of Baht 43.5 million