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

1,386 million, or earning per shares of THB 1.01. The company and its subsidiaries performance improved, especially the Refinery Business Group which still maintains its average crude run at a high level

% Employee benefit obligations 184,065,264 143,059,052 22% Other non-current liabilities 950,062 1,388,843 -46% Total non-current liabilities 3,474,137,692 1,379,894,437 60% Total liabilities 9,218,535,947

parties 847 1,049 19% Liabilities lease 5 1 (391%) Employee benefit obligations 108 106 (2%) Total non-current liabilities 960 1,156 17% Total liabilities 2,502 2,194 14% Total equity 12,818 13,294 (4

from related parties 3 1,955,244 1,117,518 43% Other payables and accrued expenses 18 80,140 117,928 -47% Employee benefit obligations 181,265 143,059 21% Other non-current liabilities 1,062 1,389 -31

Steel Industry According to the World Steel Association’s report on world crude steel production was 444.1 million tons in the first three months of 2019, significant increase by 4.5% compared to the same

crude steel production was 465.5 million tons in the third-quarter of 2018 and accumulated world crude steel production in the first nine months of 2018 was 1,347 million tons, up by 4.7% compared to the

price of crude and finished product to make its downward trend. With demand for fuel consumption declining across the globe, combined with the Organization of Petroleum Exporting Countries [ OPEC] and

Crude Oil from other country and also support stability of the power business of Thailand. The Company contemplates to expand its business to cover crude palm oil (CPOA) trading business for biodiesel and

of the virus has caused demand for consumption of fuel around the world to decline with significance. This factor is putting pressure on the price of crude and finished product to drop significantly