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The report of net loss in the business might reflect NH Hotel’s major shareholder, MINT, who holds a portion of 94.1% in the business. In 2019, Hotel Mixed-use business contributed 76% to MINT’s core revenue, while the main income for MINT’s Hotel Mixed-use business comes from NH Hotel.
Ready-mix concrete, aggregate and other construction materials businesses generated net sales improvements from higher construction activities during the period. Key overseas markets, however, in Vietnam and Sri Lanka encountered weak demand which unfavorably impacted overall net sales.
Mr. Piti said, “International expansion is our key strategy. Indonesia in particular is a key focus for us, as it is one of the fastest-growing major economies in Asia with highly attractive macroeconomic fundamentals, favorable demographics, and increasing ASEAN regional integration.”
The report of net loss in the business might reflect NH Hotel’s major shareholder, MINT, who holds a portion of 94.1% in the business. In 2019, Hotel Mixed-use business contributed 76% to MINT’s core revenue, while the main income for MINT’s Hotel Mixed-use business comes from NH Hotel.
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