additional provision for employee benefit as per new labour protection act of THB 24 million. The Company reported the net loss of THB 22 million for the first six month of 2019, which it was THB 252 million
manner of price-dumping and unfair trade and finally will lead to the enforcement of Anti-Dumping or Safeguard measures. The world steel production capacity utilization ratio of the 67 countries in
of safeguard against Alloy Steel since February, 2019. The Company had to reduce its selling prices in line with Imports to retain its production and sales volumes. Consequently, the average selling
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
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
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
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
client by considering the following matters: (a) disclosure of accurate, complete, necessary and sufficient information to the client; (b) protection of the client’s confidentiality; (c) handling of the
considering the following matters: (a) disclosure of accurate, complete, necessary and sufficient information to the client; (b) protection of the client’s confidentiality; (c) handling of the client’s