additional investment in power and utilities projects under construction. The key elements of Assets in the Company’s Consolidated Financial Statements consisted of: (i) Investments in associates of Baht

Gross Profit Margin was affected by two major factors: 1) A change in foreign currency exchange rates Table 1: Foreign currency exchange rates and sales in foreign currency 2) A higher cost of main raw

factors in the decrease was (1) reversal of provisions for decommissioning costs and (2) a decrease in short term borrowing from financial institutions. Shareholder Equity As of 31 December 2017, and 30

41.9 Mn or 3.6%. The main factors in the increase was (1) an increase in short term borrowing from financial institutions of THB 142.8 Mn and (2) increased trade and other current payables of THB 122.4

8.1%. The main factors in the decrease was (1) reversal of provisions for decommissioning costs and (2) a decrease in short term borrowing from financial institutions Shareholder Equity As of 31

between 2018 and 2017 of the refinery and trading business recorded a decrease in EBITDA of THB 3,667 million, with factors affecting operation as follow: 1. The Bangchak refinery averaged production at

-76.36% From revenues, cost of goods sold and expenses factors, company profit before income tax of year and 4tu quarter 2019 was 67.59 and 10.13 million baht decreased 58.57 and 369.17 percent and net

Margin was affected by two major factors: 1) a change in foreign currency rates Table 1: Foreign currency exchange rates and sales in foreign currency 2) a higher cost of main raw materials Table 2: Raw

, shareholders' Equity was Bt10,637 million, an increase of Bt647 million, mainly due to profit from the period and dividend payment. Analysis of performance Gross Profit Margin was affected by two major factors

2018, approving the audited consolidated financial statements for the year ended December 31,2017. The Company would like to report factors that affect the financial performance of The Company and its