revenue but low margin in mid-2017. T.662 636 6999 F.662 646 4200

. Revenues from Financial Solutions decreased by THB 4.77 million or 5.87% to THB 76.56 million (2017: THB 81.33 million) due to loss of accounting services contracts with high revenue but low margin in mid

quality control systems. Of the total 32 audit firms, 53 percent received the Good to Very Good evaluation results – an improvement from 48 percent in 2019 and from 51 percent in 2020. In addition, seven

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

competition in industrial market. Marketing margin was at the similar level of Q1/2017, while the Non-oil business recorded a higher revenue from expansion of the branches, but has been under developing and

). Total Gross Refinery Margin (Total GRM) rose 67% YoY and 26% QoQ, while Market GRM lowered from the decreasing production volume. Moreover, the average crude price adjusted upward in the quarter, leading

profit of 548 MTHB, decreased by 406 MTHB or -5.4% of net profit margin comparing with Q1 2018. This decrement was mostly caused by lower products’ spread margin across all products together with the

tons) 139 382 HRC Average Selling Price (Bht/Ton) 19,160 20,939 HRC Cash Margin (Bht/Ton) (58) 1,927 Unit : million Baht 31-Mar-19 31-Dec-18 Total Assets 28,560 30,632 Total Liabilities 19,262 20,532

income, in an amount of 7,095.01 million baht, decreased of 747.94 million baht or decreased by 10.54%. 2. In the third quarter of 2019, the Company recorded gross profit margin of 33.07%, while the same

margin of 4.96%. While in year of 2017, the cost of contract work was 1,048.83 million Baht which was 87.91% of revenue from contract work, or a gross margin of 12.09%. The low gross margin is a tool