investment. Since the crude oil prices gradually increased in line with the global economic recovery and OPEC continued its descending crude oil production. This affected the Company’s raw material prices
following the decline of crude price, Galoc Oil Field crude production site has an average production of 4,079 barrels per day (2,279 barrels per day net to Nido), which decreased according to the Natural
recorded an increased revenue coinciding with global crude oil price, leading to increased gross profit, but saw production and sales volume decrease according to the Natural Decline Curve. There was also
profit per unit of the Ethanol produce from molasses decreased from the raw material price adjustment following the molasses price announcement. 5.) Natural Resources Business Group As for the performance
Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Management Accounting Statement of income 11 Financial Position 32 Management’s Perspective towards 2020
and services increased by 10.87% from last year due to the sharp increment of raw material prices during Quarter 2 to Quarter 3 especially in natural rubber, synthetic rubber and chemicals groups. The
following global crude oil price movement, led to an improvement of gross profit. However, production and sales volume decreased according to the Natural decline curve. In this quarter, there was a loss from
the users of Natural Fatty Alcohols anticipated that the rebounding crude palm kernel oil price (raw material price) was a short-term situation from the volatility of demand/supply which caused Fatty
. Production numbers decreased according to the Natural-Decline Production Curve. Compared to Q2/2017, the Exploration and Production business sales revenue decreased due to the decline in crude oil price
parallel with crude palm oil price. Gross profit from biodiesel business was higher from the growth in sales volume, as well as the capability to procure raw material and manage inventory better than last