total of 2,120.1 million Baht increased by 2.9 percent compared to the previous year. The Company was able to maintain its market share at 69 percent in the seaweed snack category through marketing and
2018 to 30.98 per 1 Dollar in 2019. Nevertheless, the Company could maintain the growth rate of revenue of 8.59%. Cost of Sales and Services In 2019 and 2018, total cost of sales and services of the
maintain sales. Furthermore, the Company’s direction to grow house brand products, demonstrated higher proportionate in Y2019 to 65.89% which increasing compared to 61.39% in Y2018, resulted in higher gross
deal. Selling and Admin Expenses % Selling and admin expenses to revenue of Q2 2017 and Q2 2016 are 58.18% and 52.11% respectively. The no. of staff has to be retained in order to maintain the standard
are 58.20% and 52.11% respectively. The no. of staff has to be retained in order to maintain the standard of service. Thus, this expensewill become the higher percentage of expense compared to the
of time and at a higher rate than other currencies in competing markets, especially China. Despite the increase in raw material price and the baht’s strengthening, the Company was capable to maintain a
discount scheme in order to attract customers and maintain sales. However, those programs were not success as expected which, therefore, negatively impacted sales volume and gross profit margin. In term of
insufficient inventory space. The cost per unit therefore increased significantly. Which the company has already built a factory to solve the said problem. However, the company could maintain the level of
Liquidation The Company and its customer has planned to transfer all its operation to Thailand site, therefore, proposed to dissolve and liquidate the Malaysia subsidiary in consider to better maintain the