Corporation PCL. This amalgamation in accounting aspect has to be a sell of existing subsidiary, and then invest in the new bio-fuel company instead (KSL’s new associated company). As a result, the Company

affected the total marketing margin, and the increasing investment in Non-Oil businesses; which is in the developing phase of its infrastructure and location expansion, thus incurring high Selling, General

Business sales volume was 1,504 million liters (+4% YoY, -2% QoQ), especially increased in retail market, due to the business’s policy to focus on service station throughput, and from the expansion of

competition in industrial market. Marketing margin was at the similar level of Q1/2017, while the Non-oil business recorded a higher revenue from expansion of the branches, but has been under developing and

higher competition. The company recorded revenue from services of 579.03 million Baht which increased from the last year totaling 431.89 million Baht or 293.52% due to the expansion of construction

                                                                             _________________________________* ควบรวมกิจการในรูปแบบที่จัดตั้งบริษัทขึ้นใหม่ (amalgamation) หมายถึง การรวมกิจการโดยที่บริษัทตั้งแต่ 2 บริษัทขึ้นไปรวมเข้าด้วยกันและเกิดเป็นบริษัทใหม่ (A+B = C) โดยเมื่อควบเข้ากันแล้วจะมีผลทำให้

by Baht 11.33 million or 2.40 % due to the Medical personal expenses increased from the expansion of the subsidiaries. 3.Administrative expenses increased by Baht 29.82 million or 30.84 % due to the

through this channel will help facilitate their business expansion and development as well as foster their competitive edge at domestic and international levels. To this end, more jobs would be created and

margin was declined from the higher raw material price. The Denatured Ethanol Business saw performance improved from last year following the amalgamation, however gross profit was affected by the declining

in a new company, namely BBGI. The amalgamation was pursued in accordance with the strategic partnership framework in relation to bio-based production business between the Company and Khon Khaen Sugar