. The increase in demand by air freight, in particular, encouraged the cross-border land transportation (CBS) business to turn a profit on the net loss last year. This contributed to a significant growth

started the production and began to sell Refined Glycerine in 4th quarter of 2019 for the amount of 1.06 million Baht. 1.4 Sea Freight Service Revenues from Sea Freight Services operated by the subsidiary

and management of raw material (CPO) and biodiesel’s stocks by trying to maintain inventories turnover rate between 30 – 45 days, enough for the production and delivery in each month under quarterly and

classify income as follows Unit : million baht Service For three months until end of December 31 For three months until end of December 31 Increase / (Decrease) Percentage Sea Freight 610.64 635.03 -24.39

Service For the three-month period ended March 31, 2018 For the three-month period ended March 31, 2017 Add (Reduce) Percentage Sea Freight 142.93 152.88 -9.95 -6.51 Air Freight 160.31 106.90 53.41 49.96

material (CPO) and biodiesel’s stocks by trying to maintain inventories turnover rate between 30 – 45 days, enough for the production and delivery in each month under quarterly and yearly contracts. Also

the three-month period Ended 30 June 2019 For the three-month period Ended 30 June 2018 Increase / (Decrease) Percentage Sea Freight 151.36 151.01 0.35 0.23 Air Freight 181.49 193.11 -11.62 -6.02 Cross

as follows Unit : million baht Service For the three-month period Ended March 31, 2019 For the three-month period Ended March 31, 2018 Increase / (Decrease) Percentage Sea Freight 174.70 142.96 31.74

a new company named U-Tapao International Aviation Company Limited ("UTA") under the mutual agreement of the BBS Joint Venture Agreement, which the Company will hold 45% stocks in U-Tapao

Increase / (Decrease) Percentage Sea Freight 167.78 155.55 12.23 7.86 Air Freight 215.46 262.57 -47.11 -17.94 Logistics Management 98.81 92.73 6.08 6.56 Cross-border transport 125.90 0 125.90 100 Related