, combined with crude oil price declining during the quarter leading to retail price at service stations remain optimal relative to the finished product cost. Power Plant Business, increased in total

referenced crude oil price of every products; stemming from a state of excess supplies of finished products in the market, and declining demand from the 4 Management Discussion and Analysis of Business

objectives of securities regulations identified by IOSCO: the protection of investors; ensuring that markets are fair, efficient and transparent; and the reduction of systemic risk.3 Quality and integrity of

and cannot be completed by other contractors. Thus Cherchaiwon, the related party, is asked to complete the production. The Company is affirmed that the transaction is transparent, fair and beneficial

/บัตรเงินฝากของ บค.           Investment grade ≤ 15% ของ NAV

palm oil price continuously declining, the business recorded an Inventory Loss of THB 80 million. Further, the Selling, General and Administrative expense increased from the same period of the previous

million, with the following factors affecting performance as follow: 1. The refinery’s average production rate declined by 4% from Q4/2018, due to the declining of finished product and reference crude price

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

% q-on-q declining gas price (despite a 1.0% y-on-y increase) and 3) new industrial-user (IUs) clients. EBITDA margin also improved to new-high level of 28.3%, thanks to contributions from Vietnam solar

-to-declining Industry margin environment, particularly in a key feedstock, PTA and in PET, which contributes to the Company’s largest production vol- ume. As is evident in the graphs, the Company has