addition, our business direction for next year is aiming at growing production volume, intensified cost reduction measures, and cash flow management. In the long run, the Company is still confident that it
reductions; and 4) ramp up assets utilization. We are confident that these measures will leverage our business performances as a whole and we will grow stronger. All these efforts and changes will be an
debt repayment insurance for the rest of overseas customers with those financial institution and it is causing the Company to become more confident about debt repayment from debtors. (2) Other current
entire 2nd quarter of 2020, sales were seen to be increasing back towards normal levels in late June due to the improvement in the domestic COVID-19 outbreak situation. The Group is confident that further
Company is confident that our strategy and prompt action plans will enable us to navigate the shifting retail landscape in the future. The current business situation First half of 2020 was a challenging
, 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
economic growth slowdown affecting the demand for Diesel within India to decline tremendously, combined with a longer than usual Monsoon season. Gasoil and Dubai crack spread (GO/DB) in 2019 averaged at
recovering after passing through the bottom in April, which was the most affected. After various countries around the world started relaxing their lockdown policies and travel restriction. Combined with the
refineries in the Netherlands, China, South Korea, and Australia; leading to tighter supply. Combined with many U.S. refineries around the Gulf of Mexico shutting down due to Hurricane Harvey in September
), which owns and operates the Paju combined cycle power plant with an installed capacity of 1,823 megawatts (consists of 2 units of 911.50 megawatts each), which is located in Paju city, Gyeonggi Province