employees’ retirement benefits according to New Labor Act and recorded loss on impairment of assets in the fourth quarter of 2018. In terms of proportion to total revenues, operating and administrative

the inflation rate in Thailand. Cost Estimates : The costs comprise the costs of raw materials, costs of labor, selling and administrative expenses, based on historical records of Kitchen Plus

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 7) B.E. 2562 with an increase in rate of

such employees entitled to receive not less than 400 days’ compensation at the latest wage rate according to the Labor Protection Act (No. 7) BE 2562 moreover provision for long-term employee benefits

purchasing power of mid-to-low labor segment. Furthermore, the drought season also decreases incomes of agriculture workforces, and as a result, FSMART (or the “Company”)'s total usage amount decreased

labor, tool and consumable, including hygiene products used for preventing the spread of coronavirus. Q2/2020, the Group’s has net profit attributable to owners of the parent totaling of Baht 13.49

, with the effect of COVID-19 outbreak, the labor has temporary moved from service sector back to agriculture sector which led to more demand in agriculture equipment. Other that the above reasons, in Q2

again. This resulted in an increase in the labor cost and raw materials for the past 2nd quarter. Even though this resulted in the Company had the production cost and the cost of goods sold increased, but

measures to maintain profitability; namely controlling operational costs such as marketing expenses, utility expenses, over-time compensation, associate’s commission and outsourced labor cost. The

institutions for project development and business operation increases 3,360.56 Million THB or 64% i.e. from 5,250.47 million THB to 8,611.03 million THB. 2. The new Labor Protection Act is enforced on 5th April