causing exports to reduce from the previous year. The sale of goods to foreign countries has been affected by the continuous appreciation of the Thai baht. Domestic consumption remained stable. Although the

high-technology products, an increase in price of the Company’s core raw material, copper foil, due to an unbalanced demand/supply in the market, as well as the appreciation of the THB in a short period

oil price throughout the quarter, leading to an inventory loss. However, despite the refinery Hydrogen Production Unit and Hydrocracking Unit temporary shut down, refinery’s average crude run remained

global economy volatility impacted to Thai Baht appreciation against major currencies, i.e. USD, have had negative effect to the export business while the importer took this opportunity importing products

. The Company’s revenue was also affected by the appreciation of exchange rate of 4% from an average of 31.62 per 1 Dollar in quarter 1 2019 to 30.34 per 1 Dollar in quarter 1 2020. Nevertheless, the

Exchange Forward Contract in the amount of THB 255 million from the continuous appreciation of THB. Thus, EBITDA recorded was THB 781 million (+28% YoY, -1% QoQ). Refinery Business Marketing Business sales

For the first quarter ended 31 March 2018, the Company’s sale revenues were Bt. 24,590.08 million, which decreased 3.00% from last year. The decrease of sales was mainly due to Baht appreciation during

December 2018, mostly from a decrease in investments in joint ventures and an impact of currency translation due to THB appreciation • Net debt to equity ratio as of 31 March 2019 was 0.51 times, an

vegetables and fruits decreased 21.29 million baht compared to the same period last year. And another reason that the total sales decreased becaused the baht appreciation compared to the US currency. (Which is

in trade policies of US and China and global economic, the conflict in the Middle Eastern that impacted global oil price as well as the Baht’s ongoing appreciation. As of November 30, 2019, the