PACE’s Net Loss Decrease to ฿317M After No Impairment Loss

PACE Development corporation public company limited (PACE) has reported its 1Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

In Q1 2019, PACE had a net loss of THB 317 million, compared to Q1 2018 of THB 4,086 million. This was due to PACE recognized the impairment loss in investment and recorded a total of 3,400 million Baht in the Consolidated Financial Statements in Q1 2018.