. Total GRM increased by 5% YoY and 17% QoQ from the improved Market GRM that rose due to significant increase of production after the turnaround maintenance (TAM) , combined with crude cost that benefited
). Total Gross Refinery Margin (Total GRM) rose 67% YoY and 26% QoQ, while Market GRM lowered from the decreasing production volume. Moreover, the average crude price adjusted upward in the quarter, leading
| 2 Executive Summary In 3Q/2019, overall palm oil production and crude palm oil (CPO) inventory remained high in both domestic and international market, thus crude palm oil (CPO) and crude palm kernel
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
?s capacity and competitiveness. The employment rate will increase while income inequality will be reduced. Furthermore, financial literacy will be strengthened in support of quality investor base
) technology in our investigation and law enforcement. Moreover, SEC views that technology can help reduce the inequality and help small entrepreneurs, especially SME, to access capital market. Importantly, we
types of businesses nationwide, equal opportunities from the upcoming ASEAN Economic Community, inequality reduction, and aging society. Key initiatives to be launched in 2014 are, for example
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
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
business strategies and to reduce inequality in their business operations. In so doing, SEC also focuses on fostering a favorable ecosystem for sustainable development by taking into consideration all