1.3 Gain (loss) on Securities trading 1.4 Gain (loss) on Derivatives trading 1.5 Interest and dividend 1.6 Interest on margin loans 1.7 Share of profit of subsidiaries and associates 1.8 Others incomes

payables 16. Debentures and debt instruments 17. Other derivatives liabilities 18. Provision 19. Other liabilities Total liabilities Shareholders’ equity 20. Share capital 20.1 Authorized share capital 20.2

margin loans 1.7 Share of profit of subsidiaries and associates 1.8 Others incomes Total Income 2. Expenses 2.1 Expenses on Borrowing 2.2 Fee and Service Expenses 2.3 Bad debt and doubtful accounts 2.4

Business was in the low season; the monsoon season, resulting in lowered sales volume and marketing margin. However there were market share gains for the service station channel and the company was able to

Margin (%) 8.20 5.85 1.71 D/E Ratio (Times) 0.71 0.73 0.66 EPS (Baht/Share) 0.08 0.06 0.02

profit margin 17.3% 16.2% Debt to Equity ratio 0.11 0.14 Earnings per share 0.80 0.65 ROA 19.8% 16.3% ROE 20.8% 18.6%

Equity Yours faithfully, Mr. Hiroaki Sano Managing Director Financial Ratios Q2 2018 Q2 2017 Gross profit margin 19.2% 20.1% Net profit margin 12.0% 8.4% Debt to Equity ratio 0.11 0.14 Earnings per share

profit of 548 MTHB, decreased by 406 MTHB or -5.4% of net profit margin comparing with Q1 2018. This decrement was mostly caused by lower products’ spread margin across all products together with the

% Margin 6% -9% -233% Profit / (Loss) for the period 960 (84,511) 101% (649,014) 100% Margin 0.2% -17% -197% Portion of the Companies’ shareholders 18,494 (26,632) 169% (391,713) 105% Margin 4% -5% -119

income, in an amount of 7,095.01 million baht, decreased of 747.94 million baht or decreased by 10.54%. 2. In the third quarter of 2019, the Company recorded gross profit margin of 33.07%, while the same