2019 Cash flows from financing activities Receive short-term loan from related party 624 Repayment of liabilities under rehabilitation plan (1) Repayment of short-term loan from related party (1,733

1,386 million, or earning per shares of THB 1.01. The company and its subsidiaries performance improved, especially the Refinery Business Group which still maintains its average crude run at a high level

Discussion and Analysis | 2 Executive Summary In quarter 3/2017, palm oil production both in Thailand and International Market continuously remained high after the impact from El Nino has ended. Thailand crude

resulted from repayment of short-term loan USD 20 million in last year quarter. • Net loss from exchange rate The Company had recorded loss from exchange rate for the 1st Quarter 2020 amounting to THB 123

affected by the decline in most of the finished product and crude oil crack spreads, as a result of the oversupply situation in finished oil products, and the anxieties over the trade war between the US and

crude steel production was 465.5 million tons in the third-quarter of 2018 and accumulated world crude steel production in the first nine months of 2018 was 1,347 million tons, up by 4.7% compared to the

World Steel Industry Chart of world crude steel production monthly, ending 31 December 2017 Source: World Steel Association According to the World Steel Association’s report on world crude steel

(MD&A) for year 2017 (Revised) 4 Overview of World Steel Industry Chart of world crude steel production monthly, ending 31 December 2017 Source: World Steel Association According to the World Steel

affected by the year round global oil price fluctuation, especially in the last quarter which oil price plunged drastically. Moreover, the refinery recorded lower crude run due to its 45 days turnaround

Steel Association’s report on world crude steel production was 426.6 Mt in the first three months of 2018, up by 4.1% compared to the same period in 2017. Asia produced 294.1 Mt of crude steel, an