. Further, the total multi-products of fuel transportation volume of FPT in the second quarter of 2017 was increased by 7.2%(y-o-y) to 1,202 million liters and 10.1%(y-o-y) to 2,419 million liters from the

, the total multi-products of fuel transportation volume of FPT in the Q3/2017 was declined by 1.5%(y-o-y) to 1,086 million liters but for the nine months of 2017 FPT’s volume increased by 6.2%(y-o-y) to

has entered into the Shareholder’s Agreement of Thai Pipeline Network Company Limited (TPN) to acquired 44.60% ownership interest. TPN operates oil transportation service business with pipeline

discount. However market demand for B100 product has not grown as fast as increased aggregate production capacity. 2. Average selling price for B100 product decreased from the previous year, coinciding with

Gross profit 1 (%) 55.1% 58.2% Current ratio (times) 2.0 1.4 Operating EBITDA (%) 23.5% 37.3% Quick ratio6 (times) 2.0 1.4 Net profit (from operation) (%) 14.1% 24.3% Account receivable turnover (times

, Thailand Tel. 66 2323 1085..96 Fax. 66 2323 9283 4.3 Liquidity adequacy Description units As of 31 December 2018 2017 Current Ratio times 5.54 7.63 Quick ratio times 3.38 4.47 Inventory turn over times 4.20

the annual dividend payment. Analysis of Liquidity. Transaction For the Year ended 31st December (Unit: Time) 2019 2018 Current Ratio 6.27 5.86 Quick Ratio 3.64 2.81 Inventory Turnover 3.22 2.91

adequacy Description units As of 31 December 2017 2016 Current Ratio times 7.63 4.27 Quick ratio times 4.47 2.82 Inventory turn over times 4.71 4.76 Average debt collection days 79 80  Current ratio was

5.90 5.83 Quick Ratio 3.08 3.17 Inventory Turnover 3.37 3.26 • Current ratio was 5.90 times, increased from the year 2016 which was equivalent to 5.83 times because current assets and current liabilities

, 2019 Liquidity and capital adequacy As at 30 September 2019 and 31 December 2018, the current ratio of the Company and its subsidiaries are 2.72 times and 4.58 times, respectively, and the quick ratio