market, where the oil business is in on a downward trajectory following slowing global economy due to the trade war between the US and China. The Dubai crude price in 2019 averaged at 63.51 $/BBL, a

and Baht 2,362.03 million respectively. Cash and trade accounts receivable decreasing by -182.92 baht and -9.29 baht respectively. Inventories increased by 64.15 million baht and fixed assets increased

greatly contracted by trade impacts and the higher For three months For nine months Consolidated financial statement ended 31st December ended 31st December Oct - Dec 2019 Oct - Dec 2018 Change % Change Apr

million and Baht 2,345.53 million respectively. Cash, Short-term investment, trade accounts receivable and inventory decreased by 211.33 million baht, 107.03 million baht, 542.31 million baht and 588.75

Baht 677.43 million respectively. The decrease in liabilities was from trade accounts creditors from more purchase of raw materials. 2.3 Shareholders’ equity As at 30th September and 31st March 2018

decrease in (1) Trade and other current payables by THB 269.18 million (-15.79%). This was mainly caused by trade accounts payable, which decreased by THB 320.61 million (-19.86%) due to the credit term from

according to the credit terms. As a result, the trade payables increased. Income tax payable increased by 24. 0 MB, representing an increase of 81. 9% because The Company's collection from trade accounts

prices and the inventories optimization at minimum resulting the decrease in the amount of trade accounts payable. Shareholders’ equity As of December 31, 2022, the Company and subsidiaries had total

resulting the decrease in the amount of trade accounts payable. Shareholders’ equity As of September 30, 2022, the Company and subsidiaries had total shareholders’ equity of Baht 2,049.61 million, decreased

with increasing in inventory and trade accounts receivable corresponding to higher sales • Other Non-Current Assets decreased by THB 29 million mainly due to the recognition of depreciation expenses of