the reasons are summarized as follows. The result of 1st quarter of 2018 ( Unit: million baht) . Biodiesel Edible oil By-product Palm oil refining service Vessel operating Other income Total revenue

the explanation and analysis of financial position and operating result 3.3.1 Summary of financial statements during the past 3 years and the latest quarter ended March 31, 2018 (a) Statement of

compared to Q2/2017 rose by 22.39 $/BBL, a result of the global oil market tightening, after OPEC constantly reducted oil production at rates which exceeded initial agreement, which led to global OECD oil

Profit Margin -51.05% -12.37% Debt to Equity Ratio (Time) 1.97 1.78 Total Expenses The 3-Month Operating Result as ended 30 June 2018 Construction Income In the 2nd quarter of 2018, the company and its

sales revenue stood at THB 877.83 million and THB 765.66 million, dropping 12.78% from declining revenue from overseas. This was a result of the delay in product delivery in China after the Company was

market in the country last April. This caused problems for distribution channels of the Company’s customers, as they had to postpone their purchase orders of the Company’s products. As result, domestic

increased significantly from China’s exports. The Mogas/Dubai crack spread (UNL95/DB) decreased by 0.63 $/BBL compared to the 12.15 $/BBL averaged in Q2/ 2018, a result of decrease in demand from the Northern

Baht 7,338.8 million at the end of 2017, presenting the Net Interest-bearing Debt-to-Equity ratio of 0.64x. As a result, our 3Q2018 EBITDA stood at Baht 780.5 million, compared to Baht 722.8 million in

by issuing debentures with fixed interest rate from 2.05 to 3.01 percent per annum to reduce financial cost and risk management from floating interest rate. As a result, the Company has saved interest

13% y-y. In the third quarter of 2018, the Company’s revenues were 5,225 million baht, an increase of 548 million baht or 12%y-y. This is the result of an increase in core business revenues by 11% y-y