previous year mainly due to in 2017, one of subsidiary which operates ethanol business has amalgamated with Bio-fuel business of subsidiary of Bangchak Corporation PCL. This amalgamation in accounting aspect
fuel costs have decreased, and our SG&A is significantly down year on year -24% as we focused on reducing costs in order to compensate the challenging market conditions. Going forward we continue to seek
11.76 million. As the company started to generate revenue from commercial biomass fuel sales in Q2/2018. 2. The company’s cost of sales and services in the amount of Baht 354.49 million or 81.32 percent
maintenance and higher fuel costs. We are confident that the operational improvements made will allow us to grow sustainably in the final quarter of 2017 and into 2018.” 2. Outlook With a pickup in global trade
synergies of the acquisition contributed to the growth in revenue while variable cost synergies (particularly on fuel specific consumption optimization) contributed positively to consolidated EBITDA
services (excluded Fuel Cost) 6,656.26 6,287.22 369.04 5.9 Revenue from financial leases 3,995.45 4,491.34 (495.89) (11.0) Share of profit of associate entities and joint ventures 3,577.16 2,907.20 669.96
ended 31 December 2019 and 2018 are presented below: THB Mn THB Mn THB Mn THB Mn THB Mn % THB Mn THB Mn THB Mn % Fuel materials cost 215.9 213.5 203.8 203.0 (0.8) (0.4) 836.2 986.0 (149.8) (15.2
(132.48) (865.02) 732.54 84.7 Profit attributable to owner of the Company 5,963.28 5,587.60 375.68 6.7 * excluding fuel cost Increase (Decrease) % The operating result for the year 2019 showed the profit
or 97.0 percent of which profit attributable to the equity holder of the Company was 14.8 million baht. The weaker net profit was mainly due to substantial increase in fuel costs and excise tax on fuel