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

% 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

, 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

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

Year 2014 Biodiesel Edible Oil By-Product Refining Services Sale of porcelain and component Sale of ice cube Vessel Operating Port Services Other Incomes Total Revenues from Sales and Services 4,355.19

summarized as follows. The results of the year 2015 Biodiesel Edible oil By-product Palm oil refining service Sales of porcelain and component Sale of Ice cube Vessel operating Port services Other income Total

result of the decrease in sales whereas other income increased by 38.48% YoY. 96.90% 96.04% 95.16% 3.10% 3.96% 4.84% 2Q16 1Q17 2Q17 Sales Other income Revenue Component 67.12% 63.16% 65.67% 32.09% 36.74