factor is the adjustment in the blending biodiesel mandatory from B7 to B5 by the ERC’s resolution on February 2022 to mitigate the impact of rising diesel prices for consumers, as the aforementioned

11,659 million (up 5%yoy). Though GGC accomplished 22% ME sales volume higher than that of previous year, GGC’s revenue was pressured from the weakness in ME EPPO prices (following the soften of CPO-DIT

been completed, overall financial expenses are expected to soften in the second half of 2018. 5 Corporate income tax expenses Corporate income tax expenses amounted to THB 79 million, increased by THB 26

high, resulting to the soften Crude Palm Oil (CPO) and Crude Palm Kernel Oil (CPKO) price than that of 3Q2017. Under these circumstances, the government has maintained B7 mandate in this quarter. Besides

2018, the Company successfully expanded its business to the Philippines to broaden customer base and diversify risk from overseas sales as well as mitigate risk of overreliance on sales in China. In

stagnated for 85% since the end of last year. Nevertheless, the Company’s business expansion to the Philippines helps extend the customer base and diversify its revenue streams which mitigate the risk of

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

requiring that such state agency shall conduct negotiations with its disputing parties to mitigate the damage of the state and to ensure the justice for the people, provided that such negotiations shall be

its revenue streams which mitigate the risk of reliance on sales in China. At present, the Company’s products are well - received in the Philippines but still could not make up for the slowdown in sales