contract in the amount of THB 78 million. As for BCP Trading Pte. Ltd. , the company recorded more revenue from the amount of trade transaction and the significant increase in oil price. Management

the products. Furthermore, the selling points in departments and modern trade will be expanded to cover the area Besides, the Company also has the policy to add more the assets and expand the channels

global trade volume affected by trade tensions and the impact of structural changes in the Thai economy on export sector. Public expenditure and private investment would expand slower than the previous

of 58% YoY. Page 8 4. Financial Position of the Company and its Subsidiaries (Unit: Baht Million) 30 June 2018 31 December 2017 % Change Cash and cash equivalents 134 100 +33% Trade receivables 729 781

and according to target. In 3Q19, growth in the Thai economy decelerated primarily driven by a decline in export growth from world-trade sluggish effecting from Trade War. However, the Thai economy is

oil in price throughout the quarter, especially the Dubai crude oil price which dropped during early August to September from concerns over the trade war between the US and China, combined with the Thai

subsidiaries from the appreciating THB. 6. Gains from foreign exchange was recorded at THB 92 million, from THB appreciation, mostly from foreign exchange gain on trade account payables and USD loan. However

exchange was recorded at THB 299 million, due to the appreciating THB, mainly from the different in exchange rate of BCP group’s trade account payables and USD loan. 7. Loss from asset impairment in the

decrease of THB 474 million, as THB fluctuated all year round, resulting in a gain mostly from trade account payable, loan to related parties, and loans in foreign currencies. 8. Losses from impairment of

affected by the decline in most of the finished product and crude oil crack spreads, as a result of the oversupply situation in finished oil products, and the anxieties over the trade war between the US and