mix and 2017 carry over benefit of $700K from Japan perpetual license deal. Corrective actions and controls are in place to mitigate rising labor costs and improve forecasting and purchasing practices
environment higher food costs, changing product mix and 2017 carry over benefit of $700K from Japan perpetual license deal. Corrective actions and controls are in place to mitigate rising labor costs and
employees’ retirement benefits according to New Labor Act and recorded loss on impairment of assets in the fourth quarter of 2018. In terms of proportion to total revenues, operating and administrative
the inflation rate in Thailand. Cost Estimates : The costs comprise the costs of raw materials, costs of labor, selling and administrative expenses, based on historical records of Kitchen Plus
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 7) B.E. 2562 with an increase in rate of
purchasing power of mid-to-low labor segment. Furthermore, the drought season also decreases incomes of agriculture workforces, and as a result, FSMART (or the “Company”)'s total usage amount decreased
labor, tool and consumable, including hygiene products used for preventing the spread of coronavirus. Q2/2020, the Group’s has net profit attributable to owners of the parent totaling of Baht 13.49
employee benefit according to new labor law, consultant fee for new Credit Agreement of the Company and others fee and reorganization during December 2019 resulting in reduced Salary for the current year. 5
, with the effect of COVID-19 outbreak, the labor has temporary moved from service sector back to agriculture sector which led to more demand in agriculture equipment. Other that the above reasons, in Q2
measures to maintain profitability; namely controlling operational costs such as marketing expenses, utility expenses, over-time compensation, associate’s commission and outsourced labor cost. The