accepted accounting principles. The company did not arrange the assessment of value and quantity of small-sized gas cylinders and record allowances for impairment in accordance with generally accepted
advantaged shale gas components of ethane, butane and methanol. With the acquisition of Spindletop’s (IVOX) MTBE assets in the US, IVL has a unique position in North America. Between the selling of MTBE and
, capitalization of the Lake Charles Gas Cracker and the adoption of new TFRS during the quarter. • Combined PET segment which also comprises our flagship PET business has seen resilient demand and improved margins
impact. The US gas cracker, which will provide ethylene feedstock to EO-EG plant, has achieved mechanical completion on 02 May 2019. As mentioned earlier, the EO-EG plant also restarted on 2 May 2019 and
. Earnings from the US Gas Cracker (in ramp up mode) is expected to remain low in forthcoming quarters due to weakness in ethane-ethylene spreads in USA. Contribution from the Specialty Chemicals business is
) (9.1%) Sales of steam (IU) 2.5 1.4 (1.1) (44.0%) Sales from Natural Gas Power Plant 422.3 668.6 246.3 58.3% Sales of electricity - FiT, base tariff and Ft 70.1 68.1 (2.0) (2.9%) FiT Premium 6.0 6.0
, decreased by Baht 153 million or 15% from Q2/2018. The drop was due to the rise in natural gas prices while Fuel tariff (Ft) rate remained constant; therefore, the gross profits of Rayong Central Utility
(IU) 1.1 0.8 1.1 37.5% - 6.5 3.3 (49.2%) Sales from Natural Gas Power Plant 507.7 657.4 884.1 34.5% 74.1% 1,396.9 2,210.1 58.2% Sales of electricity - FiT, base tariff and Ft 59.5 73.5 76.7 4.4% 28.9
301.92 Million Baht from 327.37 Million Baht or 7.77%, due to less or pending projects from oil and gas companies resulting from slowdown economy. 2. Our net loss before tax is 23.97 Million Baht
affected company's results of operations include (i) coal price and gas price that continued to drop further from previous quarter resulting in lower costs of sales and (ii) COVID-19 pandemic. Based on our