MI) 2 (%) 25.6% 22.3% Average collection period7 (days) 80 58 Return on equity3 (%) 11.8% 20.1% Payable days (days) 98 143 Efficiency Ratios Leverage Ratios Return on assets4 (%) 9.8% 16.7% Liability

administrative expenses excluding depreciation of 3.68 percent despite the increase in gross profit margin of 1.56 percent. Earnings Efficiency Return on Equity (ROE): The Corporate Group’s ROE increased from

collection period (days) 88.4 100.7 Return on equity (%) 34.8% 12.4% Payable days (days) 97.6 62.2 Efficiency Ratios Leverage Ratios Return on assets (%) 8.7% 7.0% Liability to equity (times) 0.6 0.3 Return on

percent, due to an increase in selling and administrative expenses excluding depreciation of 4.90 percent despite the increase in gross profit margin of 2.65 percent. Earnings Efficiency Return on Equity

optimise the efficiency of our overseas investments, which in turn is expected to deliver significant shareholder value. This includes progress in finding solutions to manage accounting treatment of currency

order to maintain the unit’s efficiency coinciding with the Company’s crude run plan, while other units in the refinery were still operating as normal. 8 Management Discussion and Analysis of Business

to change the image of the brand, prospect customer and planned to change marketing strategy together with the management way for better efficiency. Therefore, the Company sold the right to claim of

shrank from the economic slowdown, as operators opted to invest in process improvement and efficiency enhancements, as well as introduction of technology to reduce costs. EEC area is also slowing down, but

and reduce production costs, sales and administrative expenses in all areas for the most benefit and efficiency. For the period of three months For the period of 1st half Consolidated financial

, due to the Hydrocracking Unit’s 30 days maintenance during the middle of July to middle of August, in order to replace its catalyst, as to uphold its efficiency to coincide with the company’s refining