to maintain the positive trend we saw since 2018 and despite the competitive pressure. Depreciation was in line with the same period last year and given that are no major investments this will be
ease this pressure, and with the upward trend in prices, we will continue to expect healthy margins.” 2. Outlook Overall Thai economic activity in the first quarter of 2018 beat expectations with an
397.1mn in Q1/2019. GPM in this quarter also decreased to 11.7% from 28.6% in Q1/2019. The pressure on the GPM in this quarter was because the economic downturn which started since late 2019 had caused the
Vietnam, which demonstrated the strongest GDP growth in ASEAN with an estimated growth at 1.6%2 in 2020. On the domestic side, Thailand’s economic outlook remains uncertain due to pressure on both the
increase in the policy interest rate to cope with the pressure from the high inflation rate in the country, the Company was still able to effectively manage its financial costs. The Company recorded
action to obstruct the business opportunity of CPOA for trading business for biodiesel and edible oil of the Company unless agreed otherwise. The Board of Directors shall prior consider and concern the
the appreciation of the Thai Baht has led to the destination shift among the country’s target tourists. These factors have, undoubtedly, put pressure on the hospitality industry, which is the main
adjustment was 100,000 barrels per day to 1.20 million barrels per day. Averaged Dubai crude price in Q2/2019 rose by 4.14 $/BBL compared to Q1/2019, with pressure from concerns that global crude supply would