income tax expenses decreased by Baht 11.02 million or 61.91% from last year varying from profits. Financial Position Total Assets Total assets as at December 31, 2019 was Baht 4,102.70 million, declined

a financial institution increased by Baht 208.00 million to fund the investment in The Studio Park Project and to reserve as working capital. Also, the account payables declined by Baht 28.34 million

million baht. - The total liability stood at 227.11 million baht, down by 221.36 million baht or 49.36 percent. The decrease was due to the fact that the account payables and other payables declined by

packaging for lubricant and consumer product slightly declined from saturated demand of such products. 2. The consolidated gross profit margin was 15.96%, increased from last year at 13.48% due to the Company

countries. The Company’s gross profit demonstrated at 33.8% to sale value, declined from same quarter last year reported at 37.2% due to the increase in energy prices and Thai Baht appreciation against US

quarter of Year 2017 and 2018 were in amounts of Baht 1.19 million and 0.04 million respectively, declined by 96.8%. This decrease stemmed from receiving the lump sum amount of capital increase from the

was declined by 12.5%(y-o-y) to 1,097 million liters from 1,202 million liters of Q2/2017 and for the first six months of 2018, the growths of multi- products fuel transportation volume was declined by

was declined by 8.7%(y-o-y) to 1,097 million liters from 1,202 million liters of Q2/2017 and for the first six months of 2018, the growths of multi- products fuel transportation volume was declined by

respectively, declined by 54.4%. This decrease stemmed from receiving the lump sum amount of capital increase from the Initial Public Offering (IPO) in September,2017. Also, repay loans from financial

 for 1Q20 decreased by 74.83% to THB 11.25 million from THB  44.70 million in 1Q19, with Net profit margin at 6.02% in 1Q20 declined from 21.85% in 1Q19.    Details of the management discussion and