30 September 2019 and 2018 were THB 19.00 and 186.33 million respectively, a decrease of THB 167.34 million or 89.80%. Major reason for sharp decrease in Company net income is due mainly to decrease in
widespread of Covid-19 from the beginning of this year along with the imposition of the regulations on the usage of Sulphur which resulting in the sharp increase in the oil price in the world market also the
- denominated debt. Economic Outlook for 2020 In 2020, Thailand’s economic growth will likely slow to the range of 1.9 - 2.3 percent on account of several challenges. External factors include a sharp drop in
which have not yet recovered. The high liability affected the expense atmosphere to be sluggish. Cost of goods sold was 641.29 million baht or equivalent to 50.31% gaining from sales revenue which it
annual depreciation calculation. 2. Total liability, the company had total liability as of December 31, 2019 at 79.68 million bath decrease from December 31, 2018 at 22.05 million bath or 21.67% decrease
calculation. 2. Total liability, the company had total liability as of March 31, 2019 at 110.47 million bath increase from December 31, 2018 at 8.74 million bath or 8.59% increase, the details of the change are
problem of purchasing power and incomes which have not yet recovered. Furthermore the liability stayed in high level and this was slightly speeded up the consumption. Therefore, it affected the expense
result from the company has additional long-term employee benefit liability of baht 12.5 million in accordance to the labour protection Act BE 2562 that stipulates additional legal severance pay rates for
yet recovering. The high liability affected the expense atmosphere to be sluggish. Cost of goods sold was 167.05 million Baht, it has reduced by 3.57 million Baht or equivalent to 2.09%, compared to the
could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction. 4. New policy on allowance for obsolete inventories Inventory from 1 year and above and