Group, consequently impacting investments in new service stations. Additionally, there is the implicit value that SDA, an oil trader license holder under Section 7 of the Fuel Trade Act of 2000, has the

11.76 million. As the company started to generate revenue from commercial biomass fuel sales in Q2/2018. 2. The company’s cost of sales and services in the amount of Baht 354.49 million or 81.32 percent

maintenance and higher fuel costs. We are confident that the operational improvements made will allow us to grow sustainably in the final quarter of 2017 and into 2018.” 2. Outlook With a pickup in global trade

synergies of the acquisition contributed to the growth in revenue while variable cost synergies (particularly on fuel specific consumption optimization) contributed positively to consolidated EBITDA

services (excluded Fuel Cost) 6,656.26 6,287.22 369.04 5.9 Revenue from financial leases 3,995.45 4,491.34 (495.89) (11.0) Share of profit of associate entities and joint ventures 3,577.16 2,907.20 669.96

to consumers with needs for high quality diesel fuel. The company was able to increase its market share and maintain 2nd position in the market consistently. Total marketing margin was at 0.83 THB

, performance improved from both the Biodiesel Business and the Fuel Ethanol Business. However, the Biodiesel Business was still suffered from inventory loss from the declining of the crude palm oil price. The

refused derived fuel technology, and being a consultant for various engineering projects which will support the Company’s business expansion. Moreover, having a well- known business partner, as a major

of the virus has caused demand for consumption of fuel around the world to decline with significance. This factor is putting pressure on the price of crude and finished product to drop significantly

ended 31 December 2019 and 2018 are presented below: THB Mn THB Mn THB Mn THB Mn THB Mn % THB Mn THB Mn THB Mn % Fuel materials cost 215.9 213.5 203.8 203.0 (0.8) (0.4) 836.2 986.0 (149.8) (15.2