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
improvements in PTA margins in Asia in line with margin growth in China although it is not visible in its performance. This is because the pricing in 2017 was formula based with fixed margins. Higher coal prices
). Total Gross Refinery Margin (Total GRM) rose 67% YoY and 26% QoQ, while Market GRM lowered from the decreasing production volume. Moreover, the average crude price adjusted upward in the quarter, leading
THB 1Q2019 1Q2018 % YoY 4Q2018 % QoQ Sales Revenue 2,816 4,631 -39% 3,654 -23% EBITDA 143 211 -32% 286 -50% EBITDA Margin (%) 5.1% 4.6% 0.5% 7.8% -2.7% Stock Gain/(Loss) & NRV -74 -233 -68% -24 208
288 261 -9.3% 49.4% Adjusted net profit3 192 305 304 -0.6% 58.4% Gross profit margin 58.2% 64.0% 63.6% EBITDA margin 41.4% 46.4% 47.1% Adjusted EBITDA margin 42.3% 47.4% 50.3% Net profit margin 20.5
% 13.5% EBITDA 444 507 501 -1.2% 12.9% EBIT 333 384 380 -1.1% 14.1% Interest expenses 25 15 18 18.6% -27.8% Tax 83 82 76 -7.3% -8.6% Net profit1 202 261 260 -0.4% 28.8% Gross profit margin 60.4% 63.6% 55.5
previous year have ended and the competition has intensified in the stainless pipe product. As a result, sales and gross margin declined in the current quarter. While administrative expenses have increased
UNIT: Million Baht 1Q2020 1Q2019 % YoY 4Q2019 % QoQ Sales Revenue 5,227 2,816 86% 3,842 36% EBITDA 345 141 145% 226 53% EBITDA Margin (%) 6.6% 5.0% 1.6% 5.9% 0.7% Stock Gain/(Loss) & NRV 92 -74 -224% -13
. Strengthen and be a part of economy driven by continuing enable tenant remedy measurement Cost effective management and the review of CAPEX plan to maintain sufficient cash flow and liquidity to support