2020

It seems that 2020 was quite a challenging year for Moong Pattana International Public Company Limited and I believe that it was also a challenging year for many businesses in consequence of the Coronavirus or COVID-19 pandemic which had spread rapidly, causing an impact to all sectors as well as the public.

Certain businesses had suffered such impact due to the shutdown of countries, cities, department stores and shops in response to the government measures imposed to prevent the outbreak of Coronavirus. Moreover, it was such a difficult situation all over the world that had a direct impact on the economy, resulting in the export drop and the decline of employment. Thailand’s economy tended to shrink due to the COVID-19 situation - the restoration of the travel industry and exports was still highly uncertain, including domestic demands, being it consumption or private investment, regardless of the government’s driving force on the public finance policy, e.g. Rao Tiew Duay Kan travel campaign, Khon La Khrueng shopping campaign or Shop Dee Mee Kuen campaign. However, private sector’s spending continued dropping due to the fact that most consumers continued to spend more cautiously.

With our determination to encourage sustainable growth and profitability for the shareholders, the Board of Directors, the Management and staff had dedicated ourselves to meet the expectations of our customers, business partners, and stakeholders in order to maintain the customer base and market share in such an intensely competitive consumer market which had suffered from the impact of the COVID-19 situation, as well as the shutdown of department stores in the 2nd Quarter of 2020. In this regard, the Management of the Company decided to adjust the plan to tackle the emergency situation so that the sales management is more efficient and flexible. Under such a situation, the Company generated its total sales revenue of THB 779.44 million, an increase of 0.24% compared to the previous year. Our net profit calculated based on the equity method was THB 57.18 million, equivalent to a decrease of 35.30% due to the increase of operating costs and the impact from our associated companies’ reduction of profits. Nevertheless, the Company had continuously earned profits for 11 consecutive years, since it was first listed in the MAI.

Apart from our determination to create sustainable growth and profitability, the Board of Directors and the Management emphasizes the importance of the roles and responsibilities in Mr. Sumeth Lersumitkul Chairman of the Board of Directors accordance with the good governance to create sustainability and a strict compliance against fraud and corruption. The Company is a member of the Coalition Against the Corruption (CAC). Furthermore, the Company supported the organization of activities which create core value to society. Such activities include:

  • Staff helped separate plastic bottles to sell and contribute the funds for Wat Huai Lamyai School for the purpose of education in furtherance to the waste separation project in the previous year
  • Sewing tote bags for donation to hospitals
  • Donation of milk bottles and nipples for Morgan people at Surin Islands, a conservation tourism project for income distribution to local communities under the Andaman Promise campaign, between November 7-8, 2020 through the Stock Exchange of Thailand’s Care the Bear project
  • Teaching kids to brush teeth at Wat Huai Lamyai School community, Nakhon Sawan Province, on December 9, 2020, to create core values to the society by emphasizing on the sustainable giving under the project named “Moong” Doing Good Deeds, Creating Future for the Community, which had been conducted for 5 consecutive years.

In 2020, the Company was honored to receive 5 stars (Excellent) for CG evaluation rating, which had been improved from 4 stars in the previous year. This reflects the determination of the Board of Directors, the Management and staff to develop and promote good corporate governance continuously in order to operate the business with sustainability, ethics, transparency and accountability.

Finally, on behalf of Moong Pattana, I would like to thank our shareholders, business partners, customers and stakeholders for always trusting and supporting the Company. I believe that the Board of Directors, the Management and our staff will continuously target to develop the sustainable value of the business with responsibility to the society, communities and environment and will everlastingly generate good performance.

Finally, on behalf of Moong Pattana, I would like to thank our shareholders, business partners, customers and stakeholders for always trusting and supporting the Company.

I believe that the Board of Directors, the Management and our staff will continuously target to develop the sustainable value of the business with responsibility to the society, communities and environment and will everlastingly generate good performance.

Mr. Sumeth Lersumitkul

Chairman of the Board of Directors