Gross Refinery Margin (Total GRM) declined THB 971 million compared to 2018, mainly due to the following reasons: Operating GRM decreased THB 1,682 million compared to 2018. Mainly from the crack spread
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reference. 10 Notification of the Securities and Exchange Commission No. KorThor/Nor/Khor. 14/2551 Re: Approval for Undertaking of Derivatives Business ___________________ By virtue of Section 9 and Paragraph
reference. Notification of the Securities and Exchange Commission No. KorThor/Nor/Khor. 14/2551 Re: Approval for Undertaking of Derivatives Business ___________________ By virtue of Section 9 and Paragraph 3
gross refinery margin was 6.37 $/BBL, a decrease of 1.59 $/BBL from Q1/2017, due to Market GRM in Q1/2018 decreasing by 0.36 $/BBL, as DTD Brent/DB spread widened, essentially increasing the crude cost
% of net profit margin comparing with Q2 2016. Apart from the additional costs of SBT’s impairment, the increment of gross and net profit was mostly caused by the improvement of products’ spread margin
’ spread margin with the reliability of production unit. Financial Ratios Q3 2017 Q3 2016 Gross profit margin 17.7% 10.1% Net profit margin 7.4% 2.6% Debt to Equity ratio 0.12 0.14 Earnings per share 0.30