Rules for Custody of Customer Assets and Essential Details of Custody Agreement
affected by the decline in most of the finished product and crude oil crack spreads, as a result of the oversupply situation in finished oil products, and the anxieties over the trade war between the US and
to THB 89 million and THB 32 million respectively, due to resumption of own production and increase in Recurring Fees paid according to Financial Advisory Services Agreement. Consolidated Selling
primarily due to: • Revenue from sales and cost of goods sold The total sales volumes and total production volumes were lower than last year mainly due to the termination of tolling agreement with G Steel
volumes were lower than last year quarter mainly due to the termination of tolling agreement with G Steel Public Company Limited in February 2019 resulting to significant decrease in sale volume and
come to an agreement on oil production cuts. This resulted in average March Dubai crude price to decline to the level of 33.70 $/BBL, consequently, the Refinery Business recorded an inventory loss of THB
significantly higher than last year quarter due to the Company entered the Tolling agreement with G Steel for producing of HRC to increase the normal capacity during off peak power usage commencing in 4th Quarter
down last year. In Q1/2019, the Company shut down in February and March during waiting for signing new credit agreement in April and subsidiary shut down in February due to the damage of the important
periods. The Company had terminated the Tolling Agreement with G Steel Public Company Limited and accordingly the tolling activities were stopped from 1st February, 2019. Further, continued slackness in the
as follow: - Sale volumes (Coil tons) and production volumes in the third quarter of 2018 were significantly higher than last year quarter due to the Company entered the Tolling agreement with G Steel