with higher sales. Gross profit margin as percentage of sales improved from 6.5% in Q2 2018 to 7.7% in Q2 2019 even when there was higher staff expenses to adhere to the changes in the Labor Protection

% from increase in labor cost and production cost. As a result, in Q1/2018, there was the net loss amount 37,838,702.24 Baht. Compared to Q1/2017, there was the net loss amount 28,558,991.63 Baht. Net loss

Wing building amounting to Baht 80.0 million and adjustment provision of retirement benefit as per new Labor Protection Act effective on 5 May 2019 of Baht 31.0 million. Ms. Siriwan Chamnannarongsak

quarter of 2020 is equal to 8 percent due to affiliated company. There has been an increase in hiring of labor to increase production capacity to meet the project’s deadline. 3. The Group had selling and

decreased 15.2 Million Baht or 27%, the company controlled the expenses be in the suitable and the second quarter in 2019 was amended severance pay of the Labor Law amount of 11.3 Million Baht. In 2020, the

margin in Q3/2020 was 14.13%, compared to gross profit margin of 35.50% in Q3/2019. It was due to lower sales revenue while the company having labor cost which is fixed cost. In addition, the company had

Department of Labor Protection and Welfare (DLPW) (3)  Representative from the United Nations Development Program in Thailand (UNDP) (4)  Director of Thailand Responsible Business Network (TRBN) (5

decreased in an amounting Baht 25.23 million that mainly comes from the allowance for doubtful accounts Inventories was increased in an amounting of Baht 2.95 million. In order to support the maintenance work

days’ compensation at the latest wage rate according to the Labor Protection Act (No. 7) BE 2562. 4.2 Liabilities The total liability for 9 months of 2019 was increased from year end of 2018 by Baht

from Japan perpetual license deal. Corrective actions and controls are in place to mitigate rising labor costs and improve forecasting and purchasing practices. Selling and Administrative Expenses In Q2