driven by the continued growth in construction industry and further renovation/expansion of retail stores and new Shopping complexes despite revenue recognition delays from some turnkey projects to next
economy growth in 2019, the slowdown of Government’s energy Saving programs promoting the replacement of conventional lamps to LED and the delays of sales revenue recognition resulting from product
revenue from sales of goods and rendering of services in Q3/2019 was recorded at Baht 715 million, down 2% Y-O-Y or Baht 12 million, mainly attributable to delays in goods deliveries for part of The
due largely to major public and private projects delays to Q2/2019 and Q3/2019; - Wholesales/Retails down 6% Y-O-Y mainly from a highly competitive environment and weak consumer spending; - Whilst
turnkey projects, pending the full members of owner‘s acceptance committee in place for the final handover inspection, caused delays in revenue recognition to next quarters accordingly. Profit for the
due to market competition and low factory workload at the time. Project startup delays for these projects meant that, instead of the staggered production as originally planned, these projects started
associated with the delay of the Project has been disclosed to the shareholders prior to obtaining the approval of the renovation Project. As a result, the construction delays further impacted the available
– Q1/2018 due to market competition and low factory workload at the time. In addition, these Projects startup delays meant that, instead of the staggered production as originally planned, these projects
or a decrease of 14.53 percent. The revenue decrease was partly result of lower sales of Rubber Wood Sawn Timber business to its Chinese customers as majority of customers requested for delays in