Management Discussion and Analysis Quarter 2 Ending 30 Jun 2020
(WorldNews Switzerland)

U CITY PCL MANAGEMENT DISCUSSION & ANALYSIS 2Q 2020 13 AUG 2020 2Q 2020 KEY FINANCIAL HIGHLIGHTS Total revenue decreased by 77.0% YoY to THB 526mn, predominantly due to the decrease in revenue from hotel operations resulted from the impact of COIVD-19,and lower gain from exchange rates. These were partly offset by an increase of revenue from office segment and management income EBITDA stood at THB (93)mn, largely from the shortfall of revenue, partially relieved by lower operating costs and selling and administrative expenses as a result of Company`s response plan to COVID-19.EBITDA margin fell to -17.7%(2Q 2019; 22.3%) Reported net loss of THB 1,213mn, from the EBITDA shortfall as well...