refinery margin to shrink. In this quarter, even though the crude oil price situation continues to improve constantly from December 2018, the cost of a proportion of crude oil that was refined within this

. Total GRM increased by 5% YoY and 17% QoQ from the improved Market GRM that rose due to significant increase of production after the turnaround maintenance (TAM) , combined with crude cost that benefited

. However, the effective cost control helped decrease SG&A expenses, thus overall performance has improved. Bio-based product business The Biodiesel business performance improved from the same period of the

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

cost of THB 9 million. Equities As of March 31st, 2017, the company and its subsidiaries’ Total Equity was THB 51,734 million, Total Equity attributable to owners of the Company was THB 45,054 million, a

/Litre, lowered by 5% YoY, a result from lubricant product’s rising cost compared to their stagnant price, combined with slight dips in retail marketing margin. Marketing margin decreased 1% QoQ, from

1 25 May 2020 Subject: Notification on Resolution of the Board of Directors’ Meeting No. 5/2020, Change of Directors and Directors’ Power, Entering into Connected Transaction, Entering into Transaction on Acquisition of Assets and Determination of the 2020 Annual General Meeting of Shareholders To: Director and Manager The Stock Exchange of Thailand Enclosure 1. Information Memorandum on the Acquisition of Assets (Schedule 1) and the Entry into Connected Transaction of Nation Broadcasting Corpor...

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

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

cost following the widened average DTD/DB spread. Further, crude oil price significantly drop during the year end, led to the refinery business to record Inventory Loss of THB 1,489 million Management