February due to COVID-19 as some of our sites in China, India and Italy were impacted. We have taken proactive steps to reduce our inventories, reduce our capex by US$300M and actively manage our costs
COVID-19 resolves in a better direction. Reducing inventories without losing sales opportunities The Company has a policy to reduce inventories continuously since 2019 to reduce storage costs, carrying
such as the closure of some businesses, temporary reduce or change the working hours and the implementation of social distancing. These situation and measures have widely impacted the world economy many
Company’s competitiveness and to expand the development of the project together with increasing of market share for the company in order to achieve its business goals and this will reduce risk of investing in
its business goals and this will reduce risk of investing in large projects. It is also a good opportunity to continue to work with other business partners in the future, including exchange of knowledge
liquidity, capital structure, potential for generating income in the future and the better financial status as the Company does not create an additional liability from loan and can reduce the financial cost
reduce in sales volume. The gross profit of the company decreased mainly due to: • Independent Power Producer (IPP): The gross profit decreased by Baht 553 million as a result of a lower gross profit from
and can reduce the financial cost. Also, the Company foresee the growth of Biodiesel industry as the government support this kind of business as it is a clean renewable energy compare to diesel. This
year 2018 to reduce capital burden and expenditure of the company to be at an appropriate level and be ready to focus on a strong core business operation to create growth in the future. 6 (4) Details of
generate new sources of revenue. Banking operations were also continuously improved to reduce costs. On the regulatory front, the Bank of Thailand implemented a macroprudential policy to regulate the Loan-to