. However, export branded sales continued to grow from sales recognition of Long Quan Safe Food JSC (LQSF) in Vietnam. In Q3/2018, the Company and its subsidiary recorded loss of Baht 124 million, mainly
significantly at 120% YoY from sales recognition of Long Quan Safe Food JSC (LQSF) in Vietnam. If excluding LQSF, export branded sales still increased 31% YoY. If according to the former accounting standards, in
to grow at 3% YoY from sales recognition of new and some existing products. This was impacted by financial statement adjustment in accordance with new Thai accounting standards. According to the
and administrative expenses; 3) higher finance costs due to investments in machinery, and joint ventures in Thailand and overseas; 4) higher depreciation of investments in machinery and 5) non-cash, one
about impairment of assets and revenue recognition. • Mining companies often operate in foreign jurisdictions, which makes the access to component auditor work papers particularly important. • Layoffs in
significantly at 120% YoY from sales recognition of Long Quan Safe Food JSC (LQSF) in Vietnam. If excluding LQSF, export branded sales still increased 31% YoY. If according to the former accounting standards, in
additional investments in plant, machinery, and office renovations to improve production efficiency and reduce production cost, for the Company’s sustainable growth in the future. However, some investments
, export branded sales continued to grow significantly from sales recognition of Long Quan Safe Food JSC (LQSF) in Vietnam. After all, sales have bottomed out from Q3/2018, growing 8% QoQ with growth in
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
reduction. However, outstanding loss remained due to 1) sales shrinkage; 2) higher cost as a result of higher depreciation from investments in machinery; 3) higher financial costs from investments; and 4) one