in the form of the cooperation between OPEC countries to reduce production volume, which reduced more than 150% of their target in Q1; majority of the reduction can be attributed to Saudi Arabia. Crude
expected to commercial run in 2nd quarter of 2019. The Refined Glycerine project will add value- added to Crude Glycerine, creates more margin, and reduce Biodiesel’s production costs. The Company will only
was thus reduced to 29% in 2019 as compared to 37% in 2018. To regain the market share and reduce imports, the Company had to resort to very competitive pricing which impacted the EBITDA adversely
). Table 1 : Performance Summary Table 2 : Adjusted EBITDA Margin In the face of volatile crude palm oil and crude palm kernel oil prices’ movement, both had continued to decrease from quarter 1/2017 due to
oversubscribed by 22.65% of total number of shares allotted. The Cash from Rights Offering and generation from Operations enabled the Company to reduce its liabilities by THB 1,505 Million during the last quarter
of safeguard against Alloy Steel since February, 2019. The Company had to reduce its selling prices in line with Imports to retain its production and sales volumes. Consequently, the average selling
affected by the year round global oil price fluctuation, especially in the last quarter which oil price plunged drastically. Moreover, the refinery recorded lower crude run due to its 45 days turnaround
quarter last year. Meanwhile, imports of Hot Rolled Steel decreased by 14% and Domestic Production increased on 11.5% compared to same period last year. To regain the market share and reduce imports, the
2018. As per ISIT the Domestic capacity utilization was thus reduced to 29% in 2019 compared to 37% in 2018. To regain the market share and reduce imports, the Company had to resort to very competitive
. The price of crude palm oil in between the 2nd quarter and the 3rd quarter of 2018 were continuously decreased in the range of THB 23.00 – THB 19.00 difference THB 4.00 /KG which is larger in variance