exchange rate was at Baht 30.99 million in Q4 2021, compared to a loss of Baht 126.15 million in Q4 2020. The loss was caused by appreciation of Thai Baht. Loss on foreign currency exchange was mainly

U.S. dollar-denominated borrowings from an unrealized gain of Baht 500 million for 9M’2016 to Baht 898 million for 9M’2017 due to the appreciation of the Baht against the U.S. dollar at the ending of

Baht 898 million in 9M’2017 to unrealized loss of Baht 68 million in 9M’2018 due to the 6.9% Baht appreciation against U.S. dollar during 9M’2017 but only 0.8% change in the exchange rate during 9M’2018

exchange rate from financing activities was a non-cash item derived from the outstanding of US dollar debts and the THB appreciation or depreciation against US dollar during the period respectively. There

, which is IEC certified. Currently, IGP is nearly finish construction and will be test run the machine system in term of Fully Automate. The IGP will be the best-performing busduct plant in the region. The

is also proceeding according to plan, which was 25% complete by end December. We expect to finish construction of the international school by 1Q 2020. MANAGEMENT DISCUSSION & ANALYSIS 2018 14 FEB 2019

prescribed by the Office. The Office shall finish the consideration of the application for approval within forty-five days from the date of receiving the application together with correct and complete document

number of maintenance schedules lower than 2018 approximately 44 days which impacts the increase in Availability Payment by Baht 31 million while the appreciation of Thai Baht. Nevertheless, the Energy

gain from foreign exchange of THB 92 million from THB appreciation, but realized a few loss from Yen depreciation. The company also received income tax refund from 2007 as revenue of THB 226 million

Exchange Forward Contract in the amount of THB 255 million from the continuous appreciation of THB. Thus, EBITDA recorded was THB 781 million (+28% YoY, -1% QoQ). Refinery Business Marketing Business sales