Management Discussion and Analysis for the Year 2019 1. Operating Results (Company and Subsidiaries) Consolidated revenue for year ended 2019 of both treatment of industrial waste business division
% Operating profit 431.92 457.27 (25.36) (5.55%) Finance cost 44.26 41.60 2.66 6.39% Income tax expenses 70.26 71.35 (1.09) (1.53%) Net profit 317.40 344.32 (26.92) (7.82%) Net profit attributable to the parent
extraordinary items* 38.2 (290.4) 104.3 61.0 (186.1) Net profit from ordinary activities 247.4 303.1 354.1 16.8% 43.1% 402.8 657.2 63.2% * Extraordinary items from non-operating, consists of unrealised gain(loss
Vessel operating Total Sale and service Other income Total revenues Revenues from sales and services 996.67 0.00 33.56 0.00 1,030.23 1.06 1,031.29 Cost of sales and services (920.07) 0.00 (28.08) 0.00
% * Extraordinary items from non-operating, consists of unrealised gain(loss) on exchange rate of receivable under finance lease agreement, gain(loss) on forward contracts, insurance claim and gain from business
refining service Refined Glycerine Vessel operating Total Sale and service Other income Total revenues Revenues from sales and services 5,363.58 0.00 140.72 9.78 5,514.08 4.95 5,519.03 Cost of sales and
) Biodiesel Edible oil Refined glycerine Byproduct Vessel operating Total Sale and service Other income Total revenues Revenues from sales and services 1,404.30 0.00 1,404.30 1.40 1,405.70 Cost of sales and
&A 6,006 5,145 5,240 -13% 1.8% 18,305 15,880 -13% Marketing Expense 1,552 1,237 1,430 -7.9% 16% 4,914 4,310 -12% Admin and others 4,454 3,908 3,810 -15% -2.5% 13,391 11,570 -14% Operating profit 9,181
3,331 16% Admin and others 3,908 4,046 3,850 -1.5% -4.8% 7,759 7,896 1.8% Operating profit 9,676 9,064 9,184 -5.1% 1.3% 19,289 18,247 -5.4% Net foreign exchange gain (loss) -157 -42 -335 113% 688% -380
5,633 7.6% -1.0% 15,875 16,861 6.2% Marketing Expense 1,430 1,840 1,821 27% -1.0% 4,310 5,153 20% Admin and others 3,805 3,850 3,812 0.2% -1.0% 11,565 11,708 1.2% Operating profit 9,501 9,184 8,905 -6.3