corporate governance in recent years. These reforms are approaching the standard of international best practices. Indeed, Thailand has made very significant progress in its overall corporate governance
accomplished multiple goals simultaneously; for instance, intermediaries and the exchanges? fundamentals remained sound and solid and thus strengthened their resilience to volatility. On progress of sustainable
the quarter. However, from the increase of the B100 products price combined with the ability to efficiently manage raw material, thus improving gross profit. As for the Ethanol Production and
operating after its scheduled maintenance. Gross profit increased from the higher amount of Ethanol sold, and the Bangchak Bioethanol (Chachoengsao) Co., Ltd. improved its management of raw material cost
for the imported raw material and goods because of Baht appreciation. Business outlook for Q4/2019 was expected that Thailand economy would be stable compared to the same period of 2018, in line with
sold are cost of raw material such cold rolled stainless steel sheet and coil and special grade stainless which the Company and its subsidiaries process. For the period of three months ended 30th Sept
the same period of previous year by Baht 26.49 million or 0.98 percent, due to the decrease in raw material cost and depreciation of 4.15 percent in spite of increase in product sales volume of 3.33
to the first quarter of 2019. The decrease of cost of sales mainly comes from Natural Gas Power Plant, which decreased by Baht 49.5 million or 13.0 percent mostly from decreased in fuel material cost
of raw material prices; 2) A decrease in account receivable chiefly from the declining of products’ selling prices compared to 4Q2018; and 3) An increase in cash and cash equivalent of THB 95 million