volume by 13,023.43 %. The Company has started selling refined glycerine in the 4th quarter of 2019 onwards. 1.4 Sea Freight Service AI Logistic Company Limited (“AIL”), the Company’s subsidiary, has

sell by-products that excess the need of its biodiesel and refined glycerine productions. 1.2 Sea Freight Service The Company’s subsidiary (“AIL”) has ceased its operation and in the process of

into the adoption of Low Sulphur Fuel Oil as the fuel source for shipping vessels following the mandate of the IMO which will begin enforcement in 2020. Nevertheless, from the volatility of global crude

increasing the shipping freight cost, after the US announced their sanction of subsidiaries of the COSCO group, which is one of the largest transport and logistic company in China during late September 2019

increased overall average operating rate of 86%. Higher freight rates positively impacted sales price in our respective domestic markets. This translated into an overall Fibers Core EBITDA growth of 23% QoQ

% in 2Q19 compared to 12.9% in the same period in the previous year. Selling expense, such as freight costs and sales commissions, decreased compared to 2Q18 in line with lower sales. Administrative

the same period the previous year. Selling expense, such as freight costs and sales commissions, decreased in line with lower sales. Administrative expense decreased mainly because of an adjustment of

administrative expense amounted to Bt322.1 million in 2Q20, or 15.13% of sales, a decrease from Bt415.5 million in the same period last year. Selling expense, such as freight costs and sales commissions, decreased

173.84 in 2020. The main reason of the increase is a result from a dramatically increased of freight charge. Profit (loss) from operating activities In 2020, the profit (loss) from operating activities of

-year. Significant cost of sales consisted of cost of goods, imported freight, packaging cost and other import related expenses. Cost of sales is accounted for approximately 36.82 % of sales revenue with