tourist travel. Total marketing margin, was at 0.73 THB/Litre (-9% YoY, -11% QoQ), the lower retail margin was due to the constantly increasing crude price throughout the quarter, affecting the product cost
to high domestic ethanol stock, and the increasing aggregate domestic production capacity. Natural Resources Business Group recorded soften performance though the Company still realized additional
revenue of THB 1,004.22 million, increasing THB 178.01 million, or 21.55% from 2016. The increase in revenue is mainly due to the growth in revenue from the Company and subsidiaries in Thailand, which
same period in 2017. This was mainly from increasing in revenue of “Thailand Mobile Expo” events since the Company expanded rental space from Queen Sirikit National Convention Center. Moreover, the
revenue from selling electricity of Ichinoseki Solar Power 1 GK (ISP1) as a result of the lower light intensity in winter season. PAGE 3 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q4 2019 and FY2019 Executive
shall be reflected in the Company and subsidiaries’ consolidated financial statement with increasing proportion from 51.0% to approximately 84.3% of shares after the transaction is settled which is
investment in ICUK, which is indirectly held by CVHLUX. ICUK’s performance and financial position shall be reflected in the Company and subsidiaries’ consolidated financial statement with increasing proportion
by BCPT Trading Pte. , Ltd. , it recorded increase in the amount of trade and transaction of crude oil and finished product from moving forward in increasing transactions with its trade partners and
% with the increasing from domestic selling price and expansion oversea market. There are gross margin rate or the year 2019 is 19% and 15% in the year 2018. As the result of the company’s gross margin
from government are delay and slowdown. Cost of goods sold decreased 1.03% in portion of decreasing revenue. Cost of rental equipment increasing 1.58% nearly from the last year. Selling and Admin