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

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

impacted by recorded of accrued payable for labor regulation amendment, in which the maximum severance pay rate is amended from 300 days to be 400 days of the employee’s latest wage rate for an employee who

/2019 (decreased by Baht 9.5 million). And there was an additional long-term employee benefit expenses of Baht 1.5 million in Q2/2019 reflected from the change in legal severance pay rate as per the Labor

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 severance pay. In addition, administrative

large portion of fixed costs. Some of which increased from the previous year, especially the labor cost and bonus with annual adjustments, and depreciation increasing slightly due to new machines

in sugar and garlic prices and an increase in the proportion of revenue from sales of Seasoning and Dipping Sauce products. Moreover, in 1H17, there was the duplicated cost of labor between two

its distributor in China as mentioned above, and as a result, the available resources for production, namely machinery, labor and fixed costs, did not match with actual production volumes, not to