distribution costs and administrative expenses From allowance for impairment of non-operating assets from discontinuing the production business Faucets and plumbing components in the amount of 32.06 million baht
of 0.96 THB. The company and its subsidiaries recorded total EBITDA of THB 3,580 million (+28% YoY, +42% QoQ), performance improved, especially for the Refinery Business, of which average crude run
effect of the widened Crude premium over Dubai, as well as the lowered oil product spread over crude oil price. There was an Inventory Loss of THB 70 million, and GRM hedging loss. Marketing Business Group
) Million baht percent 1. Crude Palm Oil CPOA 995.00 - 995.00 100.00 2. Refinery Oil 34.18 34.18 100.00 Total revenue from sale 1,029.18 - 1,029.18 100.00 Service Income - - - - Less Domestic product return
market, where the oil business is in on a downward trajectory following slowing global economy due to the trade war between the US and China. The Dubai crude price in 2019 averaged at 63.51 $/BBL, a
affected by the decline in most of the finished product and crude oil crack spreads, as a result of the oversupply situation in finished oil products, and the anxieties over the trade war between the US and
of the virus has caused demand for consumption of fuel around the world to decline with significance. This factor is putting pressure on the price of crude and finished product to drop significantly
affected by the year round global oil price fluctuation, especially in the last quarter which oil price plunged drastically. Moreover, the refinery recorded lower crude run due to its 45 days turnaround
Rule”). Currently, the Company focus on the business expansion of the crude palm oil (CPOA) trading business for biodiesel as there is a high potential growth and will partially conducting a trading CPOA
have an allowance for value of goods last year Therefore the reversal of the allowance for the value of the goods Causing the cost of sales to decrease by 4 million baht 3. The increase in distribution