resolution of the Board of Director Meeting No. 1/2019, held on February 25th, 2019 of Hwa Fong Rubber (Thailand) Public Company Limited. that approved renew the Technical Cooperation Agreement between Hwa
resolution of the Board of Director Meeting No. 7/2018, held on August 6th, 2018 of Hwa Fong Rubber (Thailand) Public Company Limited. that approved renew the Technical Cooperation Agreement between Hwa Fong
the resolution of the Board of Director Meeting No. 7/2018, held on August 6th, 2018 of Hwa Fong Rubber (Thailand) Public Company Limited. that approved renew the Technical Cooperation Agreement between
net profit margin 2) higher depreciation resulted from additional investments in plant, machinery, and office renovations to improve production efficiency and reduce production cost, in order to prepare
. 3. Selling and administrative expenses increased from the same period of last year to 20.45 million Baht while Finance costs increased to 6.5 million baht due to higher in borrowing and higher in
higher revenues from sales and lower expense: details as follow. With better quality products and prices, the Company achieved higher sale volume both from our local customers and export. In Q3/2017, the
competitive prices and higher export value. On June 15, 2016, the Company entered into a land sale agreement for 1 plot of non-operational land of a subsidiary company together with 4 plots of the Company’s
compared with net loss of Baht 30.71 million on Baht 32.11 million revenues over the same period in 2016. In 2017 the Company recorded higher revenues from sales and lower expenses due to better quality
lower other incomes; consequently, loss was Baht 2.30 million higher in 2018 even the gross margin was better. Gross margin were Baht 6.13 million or 17.97 % in 2018 increasing from Baht 5.09 million or
due to 1) sales decrease; 2) higher cost per unit as a result of lower utilization rate; 3) higher depreciation; 4) higher excise tax and sugar tax following the Excise Act, B.E. 2560; 5) sales