the whole quarter and this resulted in higher demand and the company’s Methyl Ester (B100) sales volume from both quarter 3/2016 and quarter 2/2017. However, the increase in crude palm oil inventory

Analysis | 2 Executive Summary In 2018, palm oil production and crude palm oil (CPO) inventory have remained high in both domestic and international market, which resulted in the decreasing price of crude

million. due to the following reasons: 1. In 2018, Management put emphasis on renewing the contracts with more margin projects. 2 . Solar energy began to recognize revenue for the whole six-month month

increase of domestic production and inventory level of crude palm oil, the government decided to increase the biodiesel mandate from B5 to B7 on May 8, 2017. More than that, seasonal impacted to higher yield

Baht 194.27 million or 6.19 percent, due to increase in fixed assets of Baht 111.62 million, increase in inventory of Baht 93.38 million, increase in cash advance payment for purchase of assets of Baht

| 2 Executive Summary In 2019, overall palm oil production and crude palm oil ( CPO) inventory remained high in both domestic and international market, although the inventory plunged to a minimum record

adjust its operation to accommodate such measures. The Company has assessed and prepared for the impacts of the measures by liquidating the inventory, regularly organizing marketing activities and planning

had announced significant measures using for employees and visitors as follows; - Service staff needs to wear a face mark whole the times while working - Providing body temperature examination before

in Q1 has secured a project in Indonesia and will be a positive contributor in 2020 as a whole. Depreciation was 3% down on the same quarter as some assets fully depreciate as major investments have

financials due to holding segment 3Core EBITDA is Reported EBITDA less Inventory gains/(losses) 4Core Net Profit is Reported Net Profit less Inventory gains/(losses) one-time extraordinary items 5Operating