of the year. However, the gross margin in the middle of 2019 will receive a positive effect from seaweed price and exchange rate; thereby the costs of main raw materials will be reducing by more than

• Gross profit margin increases from the same period of last year from 41.2% to 46.9%. According to the Company has a planning and controlling for raw material purchase and has efficiently managed portion

-term loans from packing credit, letter of credit and trade payable of buying raw material for manufacturing, and accrued income tax. Shareholders’ Equity As at 31 December 2019, shareholders’ equity was

stage of production; therefore, the production is unable to operate at its full capacity. Moreover, an increase in prices of sugar and garlics, which are the main raw materials used in the production, has

comparing to the same period in the previous year. This is due to the price of the seaweed (raw materials) used increasing in 2017 (production of seaweed in China has decreased by 35 percent, making the price

of sugar and garlics, which are the main raw materials used in the production, has contributed to an increase in the overall costs of production per unit. Selling Expenses Selling expenses in 3Q17 were

rates in respond to high vegetable oil price. Despite the increase of main raw material costs, the products’ spread margin was improved together with the reliability of production unit throughout the year

of revenue and cost of sales comparing to Quarter 1 in 2018 decreased as the company managed to reduce the cost of raw material to be cheaper that the same period last year. Selling and Administrative

cost of sales comparing to Quarter 2 in 2019 decreased as the company managed to reduce the cost of raw material to be cheaper that the same period last year. Selling and Administrative Expenses For the

the company managed to reduce the cost of raw material to be cheaper that the same period last year. Selling and Administrative Expenses For the six-month period ended 30 June 2019, the Company’s