performance media service business through the Company's retailer and wholesaler network as mentioned above. As a result, gross profit from operations increased when compared with the same period of the last
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
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
through big wholesaler stores in most provinces and supporting smaller retailers through sales materials. Besides the distribution disruption, negative factors affecting tourism in Thailand still emerged
will focus on distributing it products through big wholesaler stores in most provinces and supporting smaller retailers through sales materials. Besides the distribution disruption, negative factors
. Initially, the Company will focus on distributing it products through big wholesaler stores in most provinces and supporting smaller retailers through sales materials. Besides the distribution disruption
, 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