from USD 162m in Q119. The average exchange rate for Q120 was 1% stronger at THB/USD 31.3 from THB/USD 31.6 in Q119. As a result the sales revenue in THB terms decreased 10% year on year for the quarter

by concentrating on its own farm policy and cost efficiencies through economies of scale. GFPT Group has policy to mitigate risks from foreign exchange rate volatility, which occurred from export sale

through economies of scale. GFPT Group has policy to mitigate risks from foreign exchange rate volatility, which occurred from export sale and raw material importation by hedging forward contract from

calculation of utilization rate came from totaling nameplate capacity 500,000 tons/year from methyl ester plant 1 and plant 2 with nameplate 300,000 and 200,000 ton/year respectively. (2) In 2Q2019, Sales

services -140,195 -276,108 -270,738 -331,364 Administrative expenses -21,605 -50,249 -50,939 -136,871 Loss on exchange rate 0 -24,921 0 -34,163 Total expenses -161,799 -351,278 -321,677 -502,397 Profit (loss

1,548 million liters, with the growth rate increased by 4.1%(y-o-y) and the total flights increased by 4.6%(y-o-y) to 75,850 flights. Such the growth were mainly driven by the removal of International

amount 24 million Baht, nearly same as Q1/2017 Loss on rate exchange amount 2 million Baht ( Q1/2017 had profit on rate exchange 2 million Baht.) Income Tax Income tax of Q1/2018 amount 0.03 million Baht

as income from property rental dropped 12% or 4.1 mil. baht to 30.7 mil. baht due to the decline in occupancy rate. Income from Chemical Distribution business increased marginally from 226.3 mil. baht

Analysis For the Operating Results ended March 31, 2019 In Q1/2019, the amount of aviation fuel services volume at BKK and DMK totaling up to 1,613 million liters, which have the growth rate of 4.2%(y-o-y

total operating expenses varied in line with the company’s revenue. Comparing the total revenue and the total operating expenses in Q2–2019 with Q1–2019 and Q2-2018, it showed that the change rate had