17,710 15,939 1.39 (7,763) (6,987) (43.84) Edible Oil 3,680 7,042 1.09 0 0 - 3,680 7,042 100.00 Total Refining 13,627 15,994 2.48 17,710 15,939 1.39 (4,083) 55 0.35 3. Sea Freight Carrier - 11,844 1.84

the 2nd Quarter 2020. GFPT Group has policy to mitigate risks from foreign exchange rate volatility, which occurred from export sales and raw material importation by hedging forward contract from

unfavorable condition of the Company’s traditional trade channel as the Company appointed a large-sized distributor for the channel since the first quarter of 2018 but later terminated the contract with the

terminated the contract with the distributor which is effective on 3 0 June 2 0 1 9 . During the period, the Company was unable to make any sales through traditional trade channel or assign a new distributor

0 1 8 but later terminated the contract with the distributor which is effective on 3 0 June 2 0 1 9 . During the period, the Company was unable to make any sales through traditional trade channel or

higher freight cost from higher sales volume in CNF incoterm. However, selling expenses of 3rd quarter of 2018 slightly decreased 0.23 percent from the same period of last year, mainly caused by lower

2020 slightly decreased 9.55 percent from the same period of last year, due to the higher sales volume in FOB incoterm, resulting in decrease in freight charges. In the 2nd quarter of 2020, selling

due to higher freight rates and higher number of shipments compared to the same period of previous year. Financial Cost In the three-month period ended 30 June 2017 and 2016, total financial cost of the

as mentioned above and lower Gross Profit Margin from 36.1% in Q1/ 2019 to 35.1 % in Q1/2020 as a result of a higher related freight charges added to production costs; - SG&A including Interest

lower Gross Profit Margin from 34.9 % in Q2/2019 to 34.3 % in Q2/2020 resulting from a higher related freight charges added to production costs and an unfavorable product mix; - SG&A including Interest