. In 2017, average crude run was recorded at 111.37 KBD, and Bangchak Refinery had its record high of crude run at 121.64 KBD throughout March. Gross refinery margin increased from the widening crack

the second rank, and continues to consistently thrive with the cumulative market share of 2018 at 15.8%. Net marketing margin was within proximity of 2017 levels, although was affected by the

decrease in rental space from the closed down IT Junction Branches. Resulting in gross profit was equal to 169.5 million Baht, increasing by 8.5% percent, representing a gross margin at 18.2% from total

revenue from sales. The company has a higher gross margin comparing to the same period from 15.5% to 23.4% because the company is able to manage production efficiently from the opening of new factories

21% Gross profit 81.47 55.51 25.95 47% Gross profit margin 30% 26% SG&A 50.31 42.04 8.26 20% EBITDA 53.90 36.93 16.97 46% EBITDA margin 20% 17% Depreciation and amortization 20.61 20.83 -0.22 -1% EBIT

table. Gross profit margin of land and houses in the first quarter 2019 and 2018 were 28.77% and 33.05% respectively, decreased 0.04 %. In first quarter 2019, Gross profit increases 0.75 % arising from

21.66 12.88% EBIT 74.01 160.8 -53.97% Net Profit 63.05 130.46 -51.67% Basic Earnings per Share (Baht) 0.32 0.65 -50.77% Thus, the gross profit margin was at 11.70%. After deducted the financial cost and

percentage of sales, gross profit margin improved from 7.2% in Q1 2018 to 8.9% in Q1 2019, driven by cost reduction measures and improved efficiency and increases of gross profit from tooling sales in Q1 2019

/ -Decreased / -Decreased Brokerage fees income 198.39 (150.18) 198.39 (150.18) Fees and services income 8.37 (8.45) 8.37 (8.45) Interest income on margin loans 14.63 (3.16) 14.63 (3.16) Gain (loss) and return

as presented in operating revenue table. Gross profit margin of land and houses in the first quarter 2019 and 2018 were 28.77% and 33.05% respectively, decreased 0.04 %. 4. Expenses 4.1 Selling