higher selling price and higher sale volume in CNF incoterm, while lower unit sold and appreciation of Thai baht against US dollar. . Cost of goods sold and expenses Three-month (Thousands Baht) Change

and Sattahip District, Rayong Province with the approximately area at 6,500 rai. Type of investment Public-Private Partnership - PPP Net Cost Governmental party The Eastern Economic Corridor Office of

in September, while the company was unable to adequately adjust retail prices to keep up with the increasing product cost. Power Plant Business Group earned lower revenue from sales and rendering of

tourist travel. Total marketing margin, was at 0.73 THB/Litre (-9% YoY, -11% QoQ), the lower retail margin was due to the constantly increasing crude price throughout the quarter, affecting the product cost

a result, the refinery business recorded an Inventory Loss of THB 1,253 million (including a reversion of lower of cost or market (LCM) THB 689 million) in 2019, which adversely affected the

was air cargo transportation was 73.18 million baht, an increase of 39.44%, with the increase in gross profit due to increased revenue. Revenue from Cross Border Service for the first nine months of

increased 63.10 percent due to higher gain from exchange rate. 1.2 Cost of goods sold and expenses Consolidated (Thousands Baht) Year Change 4th Quarter Change 2018 2017 Amount % 2018 2017 Amount % Cost of

incomes increased 0.22 million baht. Total increased 1.26 million baht. Cost of sales for the three months ended March 31, 2017 amounted to 31.76 million baht. (2016: amounting to 29.19 million baht) The

incomes decreased 0.47 million baht. Total decreased 5.78 million baht. Cost of sales for the three months ended March 31, 2019 amounted to 30.00 million baht. (2018: amounting to 28.26 million baht) The

100 per share) which is accounted for 38.00 percent of registered capital after the capital increase of Seahorse. And Seahorse plan to invest in the cargo and passengers-ship project between eastern