, and maintenance shutdown in Q4/2018 resulted the drop in gross profit by Baht 36 million or 7%. • Ichinoseki Solar Power 1 GK (ISP1): The revenue in Q4/2018 decreased by Baht 32 million or 37%, due to

intensified competition, and the refinery’s TAM which resulted in the lower volume of finished oil produced. On the other hand, retail market which is the company’s main distribution channel recorded sales

2019 of 26.14%, has resulted in the company being able to recognize net profit for the company at 95.25% after the 22nd May 2019. Consequently, on the 19th June 2019, the Board of Directors has passed

Sweet Crude lowering the production and export. While Shale Oil export from the U.S. declined in September due to Hurricane Harvey which resulted in various ports ceasing operation. Summary of the Company

crack spreads and maintenance of equipment in the hydrocracking unit, which resulted in the refinery did not operate at its full capacity. 2. The refinery business’s Total GRM increased THB 1,695 million

Q4/2017, due to contracting demand that resulted from the heavy snowfall during the winter in various regions. As well as, China increasing export of finished product from high utilization rates of

receivables - part of fully received Baht 334 million which decreased 57. 6 % from 2019. This resulted from the COVID-hit clients that have been approved by the Company to delay their payment according to the

Execution Department from Baht 1,373.0 million for nine-month periods ended 30 September, 2018 to Baht 6,748.1 million for nine-month periods ended 30 September, 2019 which resulted from ( i) The Company’s

of goods resulted from clearance sales of old products and seasonal decorations products as well as selling a big lot of low margin project sales. As a result, inventories have decreased significantly

agreement, due to not being able to acquire the construction license which is a critical part that will take effect in many aspects of the project which resulted in an unsatisfied view by the company to