business. However, compared to Q1/2017, revenue decreased by 3% QoQ, mainly from the decline of finished product’s average price. 2. Gross Profit was recorded at THB 2,363 million a decrease of 45% YoY and

, etc. Q1/2020 vs Q1/2019 (YoY)  In Q1/2020, the Company recorded selling and distribution expenses of Baht 536.7 million, decreased by Baht 51.2 million or 8.7% YoY. The decrease was mainly due to lower

quarter, the refinery business recorded an inventory loss of THB 9 million (included lower of cost or market (LCM) of THB 689 million) a decline from Q1/2018’s inventory loss of THB 70 million. Moreover, as

. Therefore, resulting in lower operating expenses. 3. Others income had amount of THB 4.72 million, a decrease from the same quarter of the last year amount of THB 7.86 million or 62.50, the result came from

recorded an increased revenue coinciding with global crude oil price, leading to increased gross profit, but saw production and sales volume decrease according to the Natural Decline Curve. There was also

period of last year. The decline was due to lower revenue from the TV program production business and the equipment rental business. In addition, the new Studio Park project remained during its initial

of last year. The details are as follows: - The revenue from sales and service totaled 114.09 million baht, down by 7.23 million baht or 5.96% from the same period of last year. The decline was due to

decline in revenue from dessert café, which was attributed to the lower traffics in shopping malls and weaker consumption sentiment following COVID-19 concerns together with the closure of shopping malls

, a decrease of 4% YoY, mainly due to financial statement adjustment in accordance with new Thai accounting standards and decline in overall fruit juice market. Export branded sales continued to grow

the decrease rate in profit was lower than the decrease rate in revenue due to the reversal of provision for doubtful account of the Q4-2016. - 3 - Operating results and ability to make a profit