Tbk. (“PTIRS”) The majority shareholding of PTIRS is ultimately controlled and held for the benefit of Mr. Sri Prakash Lohia and his immediate family. Mr. Sri Prakash Lohia is the President Commissioner

) (6.13) - (18.63) (18.63) Finance costs (30.84) (17.11) (62.68) (33.34) SHARE OF LOSS OF INVESTMENTS IN JOINTLY CONTROLLED ENTITIES ON EQUITY METHOD (0.11) (1.47) (0.12) (2.04) PROFIT (LOSS) BEFORE TAX

Company has implemented the measures to manage the risk from sales reduction by controlled and reduced the production cost including raw material, manpower and expenses, as well as reviewed the budget

under Section 307 and Section 311, in conjunction with Section 315 of the Securities and Exchange Act, as the case may be.  In addition, the persons under (6) and (7) jointly controlled and/or used

price of crude and finished product to make its downward trend. With demand for fuel consumption declining across the globe, combined with the Organization of Petroleum Exporting Countries [ OPEC] and

-"7P:IO-9:4G"!I7IX H#!-,7#HI TU7 "-V I T TU7 "-V 6 LH" HJG-9: 8.3 "#!" IKPIH 16.4 XGI 9 !"HIO GH" "-9:/!/G" TU7HI -I" (Flat Product Finished Steel) 6 LH" HIO "9DHJG-9: 5.4 "#!" I IXG" !" "H!#H 5.6

. Gross refinery margin was 6.66 USD/BBL (+1.04 USD/BBL YoY, +0.28 USD/BBL QoQ), GRM was higher from the increase in crack spread of most finished oil products, while Dated Brent and Dubai crude spread (DTD

that happened in the 2nd quarter of 2020, the Company had the production cost increasing from the improvement of work in process products to be the finished goods in order to be able to sell efficiently

increasing significantly from the improvement of work in process products holding for a long time to be the finished goods in order to be able to sell efficiently again. This resulted in an increase in the

in every 3 months. And because the staffs of warehouse operation have to administrate the document and to manage the finished goods in the rental warehouse, it is a necessity to rent a warehouse office