alignment with the growth sale trend. The Company can control the cost of materials and labor costs in effectively, which results in an increase in gross profit compared to the same period last year and
35.33 million. Other non- current assets increased Baht 46.52 million largely from the deposit from purchase of fixed assets especially for new plant of Panjawatana (Jiangsu) Plastic Co., Ltd, the
million due to the new labor law effective in the second quarter of 2019. As a result, it stipulated compensation for employees who have worked continuously for 20 years with their rights to receive
additional employee benefits at the amount of approximately 7.7 million baht in administrative expenses in order to comply with the Labor Protection Act, revised and announced in 2019. The profit before
for employee benefits under the Labor Protection Act (the 7th revision) B.E.2562, effective on May 5, 2019. The law states that employees who have worked for the company for 20 years or longer shall
employee, in accordance with the Labor Protection Act (Issue 7) B.E. 2562, about 3 million Baht. Net profit increased as a result of selling part of investment in associated company which is not the profit
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
expenses of the Company during this period increased by 6.1 percent mainly from higher average market fuel price and additional cost related to employee benefits according to new Labor Protection Act The
the country as much as possible, resulting in disruption of many businesses. In addition, the drought situation has reduced the income of the labor and farmers sector greatly. Gross Profit and Gross