costs such as SG&A, financing costs, and other costs. Thailand economic situation in 2020: the Bank of Thailand revised up its growth forecast for this year to 7.8% contraction, from its previous forecast

contraction led to the decline in manufacturing production and private investment. Together with uncertainties in the trade relationship, weaker global economy, and the Thai Baht’s depreciation. On the domestic

had less contraction from the previous quarter after the gradual relaxation of lockdown measures, contributing many economic activities to improve. For example, private consumption and private

Petroleum Pty. Ltd. THB 1,366 million. Thus, resulting in significant contraction in performance. Other important events in this quarter:  Changes in accounting policies. The Company and its subsidiaries

, private consumption, private investment and public spending were all on the wane. Moreover, exports were still in contraction, beset by the weakening economies of Thailand’s trade partners and tumbling

. The downside was mainly stemmed from the impact of export contraction affected by the global economic slowdown, prolonged US-China trade tension and the Baht appreciation. As for economic outlook in

for retail sales (service stations), the contraction was marginal due to the season which lowered tourism travel. Total marketing margin was recorded at 0.73 Baht per liter, 9% lower YoY and 11% lower

sharp contraction in the first quarter of 2020 as economic activity was crippled due to efforts to control the spread of COVID-19. The World Economic Outlook of the International Monetary Fund estimated

decrease in gross profit from the palm oil price contraction leading to lowered average selling price of B100 and suffered an Inventory Loss of THB 224 million. 3. Other Income of THB 1,085 million

contraction of exports and a slowdown in private investment. Even though private spending continued to expand, growth was concentrated in only certain product categories. Meanwhile, hefty household debt put a