utility cost decreased 1.7% YoY, thanks to CPN’s continuous effort to conserve energy and utilities in operations. • Higher maintenance, repair and personnel expenses to support the expansion of new
: - Xayaburi Power Company Limited (with 98.7% construction progress) - Nam Lik 1 Power Company Limited (100% completed, waiting for the certificate of COD) - Rayong Central Utility Plants Expansion Phase (CUP-4
generating new opportunities to increase revenues. In terms of customer base expansion, financial innovation has created new forms of financial services which enable banks to explore new business opportunities
suppliers. As of 31 March 2021, Thai Baht was depreciated compared to exchange rate as of 31 December 2020 which the Group gained on exchange rate. Gain on forward contracts Q1-2021 Q1-2020 THB Mn THB Mn THB
volume growth. There were an expansion of service station locations, the number of service station as of the end of 2018 was 1,175 locations, with 74 new service stations. The company has also rebranded
superior from last year from the expansion both in terms of trading volume and new trade partners. Oil trading performance however, softened marginally from the previous quarter, due to the apprehension
Rule”). Currently, the Company focus on the business expansion of the crude palm oil (CPOA) trading business for biodiesel as there is a high potential growth and will partially conducting a trading CPOA
future business expansion outside Philippines shall be subject to any discussion between the Company and Kinpo Group based on the circumstance that either the Company or Kinpo Group is more appropriate to
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
business expansion by 2019. Direct Investment business is the existing business of the Company and its subsidiaries. In the past, the Company and its subsidiaries have been conducting direct investments in