customers change their behavior to use credit card to pay for products as there were various promotions on credit card. Bank fees also rose during Commart sales (2) an increase in e- Marketplace fees due to

the year, and corporate income tax payable, which rose from taxes on profits generated during the period. Page 9 of 10 Management Discussion & Analysis Q3/2024 A decrease in non- current liabilities of

impairment loss on loans, in line with our improved asset quality. Moreover, net interest income rose Baht 4,377 million or 4.65 percent, which was derived mainly from interest income from both loans and

delay.  Inventory increased by THB 973 million, mainly due to petroleum products inventories, of which its average cost rose with respect to the rising oil price in the global market, especially the

, Quezon and EGCO Cogen. In addition, trade receivable and trade receivable from a related party rose by 1,192 million Baht. Spare parts and supplies of Quezon, Banpong and Klongluang increased by 221

retail marketing margin. On the other hand, Q4/2017 was a period that crude oil rose consistently, while there were time mismatch in retail price adjustment. As well as, in Q4/2017 the company discounted

financial institution of THB 9 million. Total equity was THB 1,494 million, rose by THB 355 million or 28.9%. This was mainly attributed to an increase in 1) share premium of THB 182 million from the exercise

year (for 4Q19 at 55.4% compared to the previous year at 50.0%) thanks to effective cost management. On a same-store basis, gross profit margin rose 1.9% YoY and operating profit margin rose 2.0% YoY as

Summary An overview of the year 2017, the Company had total production increased to 642,975 tons, up by 6.8 percent, while sales rose to 10,527 million baht or 5.1 percent increased, comparing to the

&A) for year 2017 (Revised) 3 Executive Summary An overview of the year 2017, the Company had total production increased to 642,975 tons, up by 6.8 percent, while sales rose to 10,527 million baht or