ended 30 June 2020 2 | P a g e *Value may differ by one decimal point due to rounding Highlights 1/ One-time expenses in 6M/2019 were resulted from the employee retirement benefit (net after tax) in Q1
securities dealing under foreign law; (5) “ retail client ” means a client who is not an institutional investor or a high net worth investor; (6) “ institutional investor ” means an institutional investor as
law; (5)1 “retail client” means a client who is not an institutional investor or a high net worth investor; (6)2 “institutional investor” means an institutional investor as defined by the Notification
| 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
ended 31 March 2020 2 | P a g e *Value may differ by one decimal point due to rounding Highlights 1/ One-time expenses in Q1/2019 were resulted from the employee retirement benefit (net after tax). 2
11.4 percent. The mainly caused the high of competitive pricing in the market, especially decrease from the following product group in snack and page 3/6 confectionary such as Pop Secret, Nature Valley
million or decreased at 11.4 percent. The mainly caused the high of page 3/6 competitive pricing in the market, especially decrease from the following product groups in snack and confectionary, bakery mix
contribute high gross margin; 4) marketing activities to help dry stock at trade stores and prepare for new packaging launch in Q3; and 5) increased administrative expenses from higher personnel expenses to
recovery coupled with high oil prices since early this year may put more pressure on inflation. Against this backdrop, central banks worldwide are highly likely to adopt a more tightening stance, especially