same level as the previous year. - Profit before income tax expenses was down by 32% from 59.7 mil. baht to 40.3 mil. baht mainly due to eroding gross profit from Chemicals business as competition

uncertainties both at home and abroad resulted in volatility of both foreign exchange and return on investment. In the first quarter of 2019, the Baht strengthened due to eroding confidence in the US Dollar amid

by impacts from COVID-19 pandemic, which included a decline in sales prices of all the products reflecting deteriorating market conditions, except PVC-Emulsion and a decrease in sales volume due to

changing the allowance policy. Products that are deteriorating and slow move. 3. Selling expenses The company had selling expenses in the 3rd quarter of 2019 in the amount of 85.55 million baht, increased

performance of the Company is deteriorating. The Company has been able to sell the products but the ownership transfer target cannot be achieved. The operational strategy has thus been adjusted and 2017 is

investment and chemical cost which increased by 1.57 million Baht because of the deteriorating in raw water quality, representing a lower gross profit margin to 37.09%. Major Costs of Tap Water Business (MB

, causing negative impact on consumption, investment; (2) financial health of businesses especially in the tourism sector, which, if deteriorating further, may lead to a credit event as well as an adverse

retail loans. Meanwhile, SMEs loans contracted less due to the implementation of various relief measures by the Bank of Thailand. Under the current economic situation and deteriorating quality of loans

likely that the Bank of Thailand could further lower the policy rate in 2020 on the back of a deteriorating economic outlook. V3 27/02/63 2 Thai Banking Industry in 2019 In 2019, commercial banks in

system, to the Ministry of Finance for consideration before forwarding to the Cabinet. The conditions of failing financial institutions include liquidity crisis, deteriorating financial position, and