economic slowdown resulting in declining export and plunging tourists’ spending especially Chinese tourists. The instability in Thailand politic and election in March 2019 slowed public investment. High
December 31, 2019, plunging by Baht 28 .35 million or 3 2 .04 % from Baht 88 .48 million as at December 31, 2018 mainly as a result of a decrease in trade accounts payable of Baht 30 million, a decrease in
3 million as at December 31, 2019, plunging by Baht 28 .35 million or 3 2 .04 % from Baht 88 .48 million as at December 31, 2018 mainly as a result of a decrease in trade accounts payable of Baht 30
3.81 million. Liabilities Total liabilities of the Company and its subsidiaries were Baht 60 .1 3 million as at December 31, 2019, plunging by Baht 28 .35 million or 3 2 .04 % from Baht 88 .48 million as
31st, 2020 were 69.33, plunging by 9.19 million baht or 15.29% compared to as at 31 December 2019 of 60.13 million baht. This resulting from short-term loans from related companies in the amount of 1.6
government’s emergency decree launched in late March 2020, while others were closed due to plunging demand. At the same time, the Bank of Thailand opted to cut the policy rate and implement additional measures
achieve better reach of both existing target customers and new customers. International sales revenue also experienced a similar degree of decline by dropping 33.72% compared to last year as sales in China
strategies and marketing plans to achieve better reach of both existing target customers and new customers. International sales revenue also experienced a similar degree of decline by dropping 5 1 . 8 5
sales revenue stood at THB 877.83 million and THB 765.66 million, dropping 12.78% from declining revenue from overseas. This was a result of the delay in product delivery in China after the Company was
decline by dropping 43.48% compared to the same period last year as sales in China stagnated since the end of last year. Nevertheless, the Company’s business expansion to the Philippines helps extend the