significant rise of natural gas prices while the Ft rate did not increase correspondingly to reflect the higher cost, which impacted the gross profit of Rayong Central Utility Plants and IRPC-CP. Also, the

and services segment showed improvement during the last quarter of the year as a result of the government’s economic stimulus. Private investment contracted in all investment categories from the

, because the growth of the same store sales of the domestic restaurants and bakery shops are decreased by 3. 2 percent and 7. 2 percent respectively as a result of an domestic economic slowdown and the

switching towards more cost-effective marketing channels; the main factors for the increase were (1) higher staff, rental, utilities and depreciation expenses from opening new branches and (2) higher

2018, were an instructive factor to cost savings of the Company’s non-carbonated canned energy drink. In the 1H/2020, gross profits were THB 3,556 million, an increase of THB 956 million or 36.8

a result, the refinery business recorded an Inventory Loss of THB 1,253 million (including a reversion of lower of cost or market (LCM) THB 689 million) in 2019, which adversely affected the

3.4% from the first quarter of 2019, mainly due to the decrease in staff expenses which was resulted from effective cost management following the coronavirus outbreak (COVID-19) and the increased

chain disruptions as economic activities in China were put on hold. The disruption of activities in industries affected by the Covid-19 outbreak, combined with the curfew’s curtailing of business

overall financial conditions remained accommodative to economic expansion, with high liquidity in the financial system and low government bond yields and effective interest rates. Although the movement of

. Overall market environment The Thai economy continued to expand mainly from 2 key drivers relating to external factors, in line with the recovery of the overall global economic conditions (Global