subsidiaries. Since the export of tapioca decreases resulting in decrease revenue of such product inspections. The Company has approved for sale in the business of Inspecting and Fumigating of Agricultural

ethanol sales volume to increase by 171% YoY. Gross profit margin of molasses based ethanol business increased from lower raw material cost, while the gross profit margin for cassava based ethanol declined

in average selling price, whereas production cost increased, especially cassava price that rose significantly. Additionally, within this quarter the Bangchak Bioethanol (chachoengsao) Co., Ltd. has

the decreased sale of plastic woven sack is decreased from the recessions of economic plus the baht appreciated results in our main customers in Exporter of Tapioca flour has less order. In additional

higher level of cassava price. Natural Resources business Group Exploration and Production business recorded lower revenue, as sales volume was reduced to realize only Nido & Martinloc, after the company

bags from the economic regression plus Thai baht appreciation results in less ordered from our main customer in tapioca flour production (export) , in additional , Gravure woven bags customer in rice

, from decrease in quantity of sugar cane in the market 4. Average gross margin per unit of Ethanol product increased from the increment of average selling price of Ethanol product, as a result of cassava

% utilization rate. While material cost lowered, coinciding with cassava price direction; the main ingredient, from the constant rain. As a result, Ethanol Fuel Business EBITDA was recorded at THB 74 million (+81

of Denatured Ethanol increased at a slower pace than the price increment of its raw material cost, affecting gross profit per unit of cassava-based Denatured Ethanol to decline. Q1/2018 performance

its yearly maintenance. However, the gross margin was maintained at the similar level with the previous quarter, from the decreases in cassava price which is the main ingredient in the company’s