referenced crude oil price of every products; stemming from a state of excess supplies of finished products in the market, and declining demand from the 4 Management Discussion and Analysis of Business
). Total Gross Refinery Margin (Total GRM) rose 67% YoY and 26% QoQ, while Market GRM lowered from the decreasing production volume. Moreover, the average crude price adjusted upward in the quarter, leading
, decreasing over-year, but still within the set target of 3.2-3.4 percent. However, non-interest income fell Baht 405 million, or 2.61 percent over-year due mainly to decreasing net insurance premiums. Moreover
palm oil price continuously declining, the business recorded an Inventory Loss of THB 80 million. Further, the Selling, General and Administrative expense increased from the same period of the previous
(IK/DB) tumbled by 19%, with average Gasoil to Dubai crack spread (GO/DB) also decreasing by 14% from the previous year. In addition, Bangchak refinery in this quarter went through maintenance of its
expected to severely contract during the outbreak. The export sector has been impacted by declining demand from trading partners and supply chain disruption, while the tourism sector has been impaired by
Management. Meanwhile, brokerage income totaled Baht 377 million, declining by 13.3% yoy from Baht 435 million from the decline in market share of PTSEC. Meanwhile, fee from investment banking business totaled
decreased from the declining of revenue which because of the high market competitive in the competitor and pricing and also the slowdown of the turnkey project’s customer. Besides, it was from the increased
million, decreased by Baht 72 million or 4.0% from Q3’2017, mainly from declining in total green tea market while the company still maintained market leader position, and partly from the fire incident at