from late 2018; particularly, the Gasoline-Dubai crack spread (UNL/DB), Jet (Kerosene)-Dubai crack spread (IK/DB), and the Gasoil-Dubai crack spread (GO/DB), causing the refinery business’s market gross
quarter of 2017 from the concrete product business , food products and gasoline business. 3.3 During the second quarter of 2018, the Company received the payment from trade receivables at the amount of Baht
to remain fragile as overall purchasing power has not yet recovered, and household debt remains at a high level. The operating result of the Company in this quarter is still in line with the plan
reduced Market GRM, following the decline in refinery production volume due to the TAM, as well as a decrease in average Gasoline/Dubai crack spread and Fuel oil/Dubai crack spread, and the rise in crude
prices for most agricultural products remain low, resulting in a fragile recovery in consumption. This has also been effected by the reduction of spending stimulus measures by the government compared to
declining, mostly from the gasoline product which is a result of travel limitation policy during the COVID-19 outbreak. The Marketing Business recorded improvements in performance of 797% QoQ and 15% YoY, due
retraction of economic activities and consumer spending. The consumer sentiment remains fragile as the country waits for vaccination against the new variant. Despite of such economic weakness, we delivered
fragile economy with signs of global economic slowdown despite a continuous recovery in Thailand’s tourism and the improvement in inflation that helped boost private consumptions and economic activities. In
services of connectivity and value-added services of cloud, smart solutions, and specific 5G vertical solutions in targeted industries. Market and Competitive Environment 3Q23 continued displaying a fragile