. Total GRM increased by 5% YoY and 17% QoQ from the improved Market GRM that rose due to significant increase of production after the turnaround maintenance (TAM) , combined with crude cost that benefited
). Total Gross Refinery Margin (Total GRM) rose 67% YoY and 26% QoQ, while Market GRM lowered from the decreasing production volume. Moreover, the average crude price adjusted upward in the quarter, leading
| 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
of 0.96 THB. The company and its subsidiaries recorded total EBITDA of THB 3,580 million (+28% YoY, +42% QoQ), performance improved, especially for the Refinery Business, of which average crude run
market, where the oil business is in on a downward trajectory following slowing global economy due to the trade war between the US and China. The Dubai crude price in 2019 averaged at 63.51 $/BBL, a
effect of the widened Crude premium over Dubai, as well as the lowered oil product spread over crude oil price. There was an Inventory Loss of THB 70 million, and GRM hedging loss. Marketing Business Group
SEC Office is headed by Secretary-General who is appointed by the Cabinet upon the Minister of Finance’s recommendation of the candidate proposed by the SEC Board. Secretary-General holds office for a
SEC Office is headed by Secretary-General who is appointed by the Cabinet upon the Minister of Finance’s recommendation of the candidate proposed by the SEC Board. Secretary-General holds office for a
Companies and Derivatives Intermediaries dated 6 September 2013.** According to the Electronic Transactions Development Agency (ETDA)’s recommendation on Digital Identity Guideline for Thailand
application for approval of establishment of limited company or public limited company to undertake such business with the Minister for his approval under the SEC’s recommendation. Such application shall be