rendering of services, decreased percentage of selling and distribution expenses to operating revenue, and tax benefits from the Board of Investment of Thailand (BOI). Operating revenue continued to show
intensified competition, and the refinery’s TAM which resulted in the lower volume of finished oil produced. On the other hand, retail market which is the company’s main distribution channel recorded sales
%) (4.6 %) Gross Margin 432.7 30.5 % 371.3 26.5 % 16.5 % Distribution Costs (212.5) (15.0 %) (236.8) (16.9 %) (10.3 %) Administrative Expenses (120.5) (8.5 %) (101.9) (7.3 %) 18.3 % Profit before Income Tax
%) (937.5) (72.0 %) (21.6 %) Gross Margin 277.0 27.4 % 364.5 28.0 % (24.0 %) Distribution Costs (99.7) (9.9 %) (197.2) (15.1 %) (49.5 %) Administrative Expenses (69.5) (6.9 %) (63.2) (4.9 %) 10.0 % Profit
) (72.8 %) (938.8) (73.3 %) (13.9 %) Gross Margin 301.9 27.2 % 341.5 26.7 % (11.6 %) Distribution Costs (129.5) (11.7 %) (162.3) (12.7 %) (20.3 %) Administrative Expenses (78.5) (7.1 %) (87.5) (6.8 %) (10.2
move towards Green Businesses targeting renewable energy, material recycling and eco management. To pursue its business strategy, 36 MW solar farms in Thailand have been acquired in late 2016 and during
lower rates on settlement services causing some customers decided move to operate e-Payment services with the other operators. Real estate rental and services related segment The Company’s revenue from
services to the merchants. In addition, other operators started offered lower rates on settlement services causing some customers decided move to operate e-Payment services with the other operators. Real
e-payment services to the merchants. In addition, other operators started offered lower rates on settlement services causing some customers decided move to operate e-Payment services with the other
customers decided move to operate e-Payment services with the other operators. Real estate rental and services related segment The Company’s revenue from this business segment decreased due mainly to the