2018 while gross profit margin contributed of 14.35% in 2019, slightly increased from 14.32% in 2018. GFPT Public Company Limited Management Discussion and Analysis for the Year 2019 Page 4 of 14 Other

consolidated gross profit in 3Q2017 was THB 795.27 million, improved by THB 46.82 million or 6.26% up from 3Q2016. The consolidated gross profit margin contributed of 18.08% in 3Q2017, increased from 16.97% in

acquisition of assets under the Notification of the Capital Market Supervisory Board No. TorChor. 20/2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets (as amended

2018. The transaction mentioned above is considered as a disposal of assets in accordance with the Notification of the Capital Market Supervisory Board No. TorChor. 20/2551 (2008) Re: Rule on Entering

remains high, and gross refinery margin improved from the increase of crack spread for all products, along with a record of inventory gain from rising average crude oil price during the quarter. Marketing

Ref.: EFORL IR010/2020 9 March 2020 Subject: Notification of resolution of Board of Director meeting, schedule of the 2020 Annual General Meeting of Shareholder, Dividend Omission and Acquisition and

Ref.: EFORL IR010/2020 9 March 2020 Subject: Notification of resolution of Board of Director meeting, schedule of the 2020 Annual General Meeting of Shareholder, Dividend Omission and Acquisition and

the Notification of the Capital Market Supervisory Board No. TorChor 20/2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Asset dated 31 August 2008 (as amended

reference. - ราง - Notification of the Capital Market Supervisory Board No. Tor Jor. 63/2561 Re: Approval Rules on Offer for Sale of Newly Issued Bond of Foreign Entity Denominated in Thai Baht

Margin 60.9% 60.9% ค่าใชจ่้ายในการบรหิาร 131.2 135.9 (4.7) (3.5%) ค่าใชจ่้ายรวม 509.4 500.3 9.1 1.8% EBIT 468.2 449.3 18.9 4.2% EBIT Margin 47.9% 47.3% ค่าเสือ่มราคาและค่าตดัจ าหน่าย 138.7 136.1 2.6 1.9