quarter 2017 could not contribute revenue to cover expenses. Some reason is from depreciation of improved building and design that such depreciation must be recognized in line with contract period as well

to an inventory gain of THB 856 million. However, there was a loss from crude and product oil price hedging contract at THB 75 million. Furthermore, the refinery planned to manage the stocks of

of previous year. This was due to (1) Drop of loss on exchange rate of THB 13.90 million due to the fact that the Thai Baht value depreciated against US Dollar and the Company had the foreign trade

business through BCP Trading Co., Ltd., the company’s performance has improved from a higher transaction volume in terms of product line, and new trade partners. Marketing Business Group has exhibited

market, where the oil business is in on a downward trajectory following slowing global economy due to the trade war between the US and China. The Dubai crude price in 2019 averaged at 63.51 $/BBL, a

.  Domestic Contract Manufacturing (CMG) sales grew by c.15% YoY, supported by new products launch, growth from some existing products as well as change of the sales platform of some CMG customer from export to

) / Total Asset (Average)  Current Ratio (times) = Current Asset / Current Liabilities  Quick Ratio (times) = (Cash & Equivalents + Short term investments + Trade Account Recievable) /Current Liabilities

in intangible assets of Baht 3.15 million, decrease in inventory of Baht 84.57 million, but there were increase in cash and cash in bank of Baht 48.61 million, increase in trade accounts receivable and

inventory of Baht 22.75 million and decrease in trade accounts receivable and other accounts receivable of Baht 86.86 million, but there were increase in cash and cash in bank of Baht 35.38 million, increase

Exchange Forward Contract in the amount of THB 255 million from the continuous appreciation of THB. Thus, EBITDA recorded was THB 781 million (+28% YoY, -1% QoQ). Refinery Business Marketing Business sales