. (936.99) (87.73) (3.84) (2.91) (15.74) (1.00) 6.92 (1,041.29) The difference of rates revenue by segment (%) (21.51) (65.70) (100.00) (9.25) (44.60) (100.00) 47.99 (22.76) Sales cost variance as (720.81

The difference of rates revenue by segment (%) 26.49 (100.00) (74.23) 18.34 (64.38) 17.89 Sales cost variance (million Baht) 95.62 (10.25) (6.19) 79.17 0.00 79.17 The rate of sales cost variance as

426.27 The difference of rates revenue by segment (%) 34.05 (85.83) 100.00 (69.53) 26.74 103.51 27.14 Sales cost variance (million Baht) 526.05 (31.63) 41.23 (23.86) 511.79 0.00 511.79 The rate of sales

ended December 31, 2017 consisting of Separate Financial Statement and Financial Statements of the 11 subsidiaries Unit: million baht January-December 2017 2016 Variance Amount % Net profit (loss) for the

Total Sale and service Other income Total revenues Segment revenue variance (million Baht) 547.36 0.00 43.04 1.37 591.77 0.75 592.52 The difference of rates revenue (%) 122.64 0.00 100.00 38.81 131.55

refining service Refined Glycerine Vessel operating Total Sale and service Other income Total revenues Segment revenue variance (million Baht) 623.29 (0.05) 33.56 (0.77) 656.03 (13.15) 642.88 The difference

Baht). 13.20 (11.91) (12.86) (11.57) 11.94 0.37 The difference of rates revenue by segment (%) 3.66 (99.58) (94.35) (3.00) 522.86 0.09 Sales cost variance (million Baht) 61.65 (8.51) (8.35) 44.79 0.00

portfolio •There was no significant difference in performance between MinVar. Vs MaxSarpe.(Vinzelberg and Auer, 2021) 7 GAPs ▪ lack of integration ▪ G1 : Efficiency by mean variance in Cryptocurrency Add a

. The price of crude palm oil in between the 2nd quarter and the 3rd quarter of 2018 were continuously decreased in the range of THB 23.00 – THB 19.00 difference THB 4.00 /KG which is larger in variance

service Other income Total revenues Segment revenue variance (million Baht) 3,407.47 (7.01) 139.66 (6.71) 3,533.41 (11.57) 3,521.84 The difference of rates revenue (%) 174.20 (100.00) 13,175.47 (40.69