) Management’s Discussion and Analysis | 2 Executive Summary In 2017, palm oil production in domestic and international market had improved since recovery from drought causing by El Nino effect in 2016. As palm
price. The company terminated the Tolling Contract in January due to unfavorable market sentiment. From February onwards, the Company has to increase their production volume within their capacity of the
increased in HRC market price. The company terminated the Tolling Contract in January due to unfavorable market sentiment. From February onwards, the Company has to increase their production volume within
a negatively impact on North Asia market due to the boat accident in Phuket in July. As a result, Chinese tourists shifted to other leisure and beach destinations such as Japan, 3 ASIA’S BOUTIQUE
December 31, 2018 due to the Company was adjusting in investment in available- for- sales securities to market price which decreased by Baht 506. 06 million from ended December 31, 2018 and deferred tax
million. The Company was adjusting in investment in available-for-sales securities to market price which decreased by Baht 537.21 million and deferred tax assets increased by Baht 107.44 million due to such
1Q2020, overall palm oil production in both domestic and international market declined due to the significant impact of drought on agriculture. According to Department of Internal Trade, local crude palm
1Q19 amount of Baht 1,131 million with increases attributed mainly to the increase in Brokerage business income which totaled Baht 569 million increasing 67.9% yoy due to the increase in market trading
financial reporting standards. Overall market environment The Thai economy for the first quarter of 2020 continued on a declining trend comparing to last year due primarily to the COVID-19 outbreak which
latter decreased in production due to the adjustment stock management to suitable with the decrease in HRC market price worldwide. - Gain on exchange rate was achieved of THB 193 million in Q2-2017, which