average selling price relative to oil price in the global market, and total quantity of products sold by the company dropped 13% QoQ as well. And, when compared to Q1/2019, revenue declined by 5%, mostly

Thai Baht’s rise. Meanwhile, domestic interest rates dropped across all maturities. The Monetary Policy Committee (MPC) resolved to slash the policy rate by 25 basis points in its August 2019 meeting

generation. In addition, the revenue from Glow IPP plant dropped by Baht 38 million following achieved the Contracted Availability Hours in December. Comparing Q4/2019 vs Q3/2019 Comparing Q4/2019 vs Q4

attributed to a rise in non-interest income, especially net profit from investment. Meanwhile, net interest income maintained its growth even though net interest margin (NIM) dropped as a result of impacts