significantly, but the price of imported raw materials were on a continuous upward trend, thus the cost of raw material increased consequently. Total labor cost including requirement of outsourced labors
subsidiary recorded net profit of 3,635 MTHB, increased by 576 MTHB or 18.8% comparing to year 2018, which due to the recognition of deferred tax assets from loss carried forward of the Company and its
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
competition, the blended ARPU still declined to Bt558 or -1% QoQ. 1The Labor Protection Act (No. 7) B.E. 2562, effective from 5-May-19, stipulates additional legal severance pay rates for employees who have
capital increase from Initial Public Offering would result in the marked decrease in Debt-to-Equity ratio and financial costs going forward. Management’s Discussion and Analysis S Hotels and Resorts Public
profit margin. Selling and administrative expenses were higher than last year, due mainly to professional fees related to SGAH and higher provisions due to the changes in the Labor Protection Act. Loss on
current Labor Protection Act (LPA), with effective in Q2/2019. The key amendment to the LPA was that the law included a new and higher severance entitlement of 400 days’ wages for employees with over 20
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
20 percent of the population will be 60 or older and 14 percent will be older than 65. This demographic shift will affect the economy as follows: (1) The labor force will continually decrease which
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