implementation of the amended Thai Labor Protection Act 3 Adjusted EBITDA is calculated from Profit (loss) before income taxes, plus Finance costs, plus Depreciation and Amortization, deduct gain from exchange
, labor costs per unit, loss and depreciation in early stage, which remained high, in the production lines of both Rojana factory and in America, despite the decreasing costs of seaweed in the second half
to the new labor protection law. More causes for loss were sales decrease; higher cost per unit as a result of lower utilization rate; higher depreciation; following the Excise Act, B.E. 2560; higher
57.7 Million Baht or 10.3% compared to the previous year as the Company was able to manage raw material and labor cost more efficiently, resulting in higher gross margin. 3 Cost of Food & Beverage Costs
provisions for employee benefits due to the change of severance payment policy following the amended Labor Protection Act. Analysis of Shareholders’ Equity As at 31 December 2019, the shareholders’ equity was
Company, which is accounted for Baht 1,647.83 million and Baht 1,572.51 million, respectively, increased by Baht 75.32 million or 4.79%. This is mainly because of the increased in direct labor and overhead
decreased by Baht 400 million or 19% decrease compared to the same period of 2018. This was mainly due to an increase in employee benefit provision of Baht 46 million, based on the Labor Protection Act (Issue
increase in 2016, resulting in a difference of more than 20 percent of the price of seaweed. Furthermore, in the previous quarter, Labor costs and production costs per unit are still high because the company
. During 9M17, the Company’s gross profit margin is 29.94% which decreased from 32.99% in 9M16. The main cause stemmed from the duplicated cost of labor between the factory at Laem Chabang and the new
retirement benefit according to the Labor Protection Law to 400 days and the company has more employees that have than 20 year-old services life. 3. Shareholder equity as of December 31, 2018 with amount of