control of outstanding derivatives positions of members and risk incurred by each member to the clearing system. Clause 7 Where the derivatives clearing house requires the members to place margin or assets

fuel options by subsidizing B20 and B10 to be lower than B7 at 5 Baht/litre and 1 Baht/litre respectively. Additionally, the government has delegated the Electricity Generating Authority of Thailand

Electricity Generating Authority of Thailand (EGAT) to open bidding for CPO suppliers with the remaining approved amount of 37,550 tons and also asked EGAT to consider purchasing an additional 100,000 tons of

Period (Day) 58 58 66 CASH CYCLE (Day) 9 14 18 PROFITABILITY RATIO Gross Profit Margin (%) 8.57 7.82 10.37 Net Profit Margin (%) 4.61 3.56 5.94 Return on Equity (%) 6.03 5.01 8.05 EFFICIENCY RATIO Return

high profit margin and also from effective marketing policy. (2) Analysis of Operating Results and Profitability (2.1) Revenues from Sales and Services Description Year 2018 Year 2017 Increase

a rebound in demand of enterprise customers from a clearer political situation and a sizable project closed in the quarter. The strategy for the enterprise segment continues focusing on high-margin

/ litre respectively from October 2019 onwards. In addition, the Electricity Generating Authority of Thailand ( EGAT) has been assigned to purchase crude palm oil to produce electricity continuously

mainly due to the increased in cost of sales and services of many large-scale projects which their gross margin were low due to a high market competition. In addition, In Q2–2019, there was an additional

% Gross profit 86.16 82.23 3.93 5% Gross profit margin 29% 28% SG&A 58.00 52.09 5.91 11% EBITDA 57.50 60.28 -2.78 -5% EBITDA margin 19% 20% Depreciation and amortization 28.53 29.44 -0.91 -3% EBIT 28.97

REIT (“CPNREIT”) in December 2017, and the increase in utility cost due to the increase in electricity Ft rate since May 2017. CPN continues to emphasize on effective revenue generation through new