competitiveness of industry peers is under pressure by the very strong Thai Baht, resulting in repatriation of capacity allocation. On the upside we addressed the market weakness with savings on the cost side, our
volume from customers due to slower production and sales of pickup trucks in Thailand. China and Portugal Operation, on the other hand, recorded a strong growth of 26.8% and 13.7% year-on-year respectively
contribution from our subsidiaries outside Thailand. Revenue from Portugal operations increased slightly by 3.7%. China recorded a strong revenue growth of 24.3%. The company also recorded increase in revenue
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conditions including the strong appreciation of THB/USD, which strengthened from the average rate of Baht 35.1060/USD in Q1-17 to Baht 31.5422/USD in the same period this year, and the shortage of some items
overall sales volume, the Company and its subsidiaries brought 1.6% growth of Gross profit margin versus 2017 by the strong contribution of Epicerol® business. 2. In 2018, distribution costs, administrative
an expertise and experience related to E-Money and Mobile Payment as well as strong financial position. The Audit Committee has agreed with the Executive Committee to waive of pre-emptive rights of new
operational in the first half of next year. With the full capacity utilization from Phase 3, management believes that the Company’s performance for 2018 will be strong. Forwarded for your information. Sincerely
crackers maintenances and low Methanol-to-Olefins operating rate. Strong Ethylene demand derived from greater China’s consumption and higher Ethylene derivatives’ margin. Meanwhile, the hike in Glycerin
sustainable manner, with strong corporate governance and social responsibility. Table1: Financial Summary for the year 2017 Unit: Million Baht 2017 2016 Increase (Decrease) % Change Sales income 59,888.32