the 3rd Quarter 2019. GFPT Group has policy to mitigate risks from foreign exchange rate volatility, which occurred from export sale and raw material importation by hedging forward contract from several

which will result in the decrease of expenses in the business operation of the Company, especially, the general and administrative expenses and cost of raw materials, making the Company’s operation to be

. 2. to create the economies of scale which will result in the decrease of expenses in the business operation of the Company, especially, the general and administrative expenses and cost of raw

business operation of the Company, especially, the general and administrative expenses and cost of raw materials, making the Company’s operation to be more effective, and resulting in better return on

the previous quarter following the same direction of molasses’ price which is the main raw material in domestic Ethanol production, due to a decrease in sugarcane market supply. In Q2/2017, the Ethanol

oil to generate electricity in the region. Other than the previously mentioned, exports from Mexican refinery decreased due to a fire that broke out at a refinery. While the Venezuelan refinery had a

after excluding inventory gains/losses from reported EBITDA. Inventory gains/losses in a period result from the movement in prices of raw materials and products from the end of the previous reported

well as enhancing security of the Company's raw materials, aiming at developing innovation and high value added products (HVA); 5) continual building business partnerships and establishing joint ventures

Group’s inventory as at September 30, 2019 accounts for 25.94 percent of the total assets, of which 20.79 percent are finished products, 21.45 percent are work in progress and 45.67 percent are raw

after excluding inventory gains/losses from reported EBITDA. 8 Inventory gains/losses in a period result from the movement in prices of raw materials and products from the end of the previous reported