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

retirement benefit according to the Labor Protection Law to 400 days and the company has more employees that have than 20 year-old services life. 3. Shareholder equity as of December 31, 2018 with amount of

Baht 239 million. The Company’s subsidiaries recognized short term loan increased by Baht 35 million. c. The Company’s account payable increased by Baht 153.75 million from supply of materials and labor

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

Q2/2018 gross profit margin was mainly caused by the increase in wages and overtime pay in this period following the minimum wage increment according to the labor law and more overtime work to produce

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