Page 84 - Amata-one-report2020-en

As for the Thai economy in 2021 is likely to expand in a positive direction, as is the global economy after being
hit hard by the spread of Covid-19 that caused the economy to shrink by 8% in 2020 - the second highest plunge in

ASEAN region. Thai economy will be gradually improved because the country is heavily relying on tourism industry
and exportation which are accounted for 16% and 70% of the GDP, respectively. Thus, the government should help
promoting a better improvement such as public investment, which is vital factor that will drive Thai economy in 2021.
The government also need to find measures to stimulate the economy, particularly in fiscal sector to be more continuous
as well as providing urgent action to cushion the pandemic’s health and economic consequences. The government should
also need to urgently handle the prolonged uprising of protestors that could damage invertors’ trust in Thai economy
as well as to regain invertors’ confidence through Thailand’s public relations by promoting the stability of financial
status and the public debt that is below threshold and showing a clear direction of fiscal and monetary policies etc.

Revenue Analysis

Amata Corporation Public Company Limited and its subsidiaries reported total revenues for the year 2020 at Baht
4,347.4 million, a decrease by Baht 1,828.3 million or 29.6% from year 2019. The key factors are as follows:

Unit : Million Baht

7,603.0

6,237.7 6,175.8

4,732.7 4,652.1 4,567.3 4,347.4

2014 2015 2016 2017 2018 2019 2020
Revenue

Operating Performance Analysis of Core Businesses

Increase/(Decrease)
Year Year
2020 2019 Million Baht %

Revenue from real estate sales 1,540.6 3,209.8 (1,669.2) (52.0)
Gross profit margin 61% 56%

Revenue from utility services 1,841.3 1,941.4 (100.1) (5.2)

Gross profit margin 33% 33%

Revenue from rental 820.4 763.1 57.3 7.5

Gross profit margin 72% 73%

84 56-1 One Report 2020