and the reduction of the central operating costs. • Admin expenses to total revenue in 9M/2020 was 19.3% which improved by 5.9% from 9M/2019 due to the higher proportion of the decrease in revenue from

implementation of leave without pay policy which was effective since Q2/2020. • Admin expenses to total revenue in 2020 was 19.1%, improved by 5.6% from 2019 due to the higher proportion of the decrease in revenue

business through BCP Trading Co., Ltd., the company’s performance has improved from a higher transaction volume in terms of product line, and new trade partners. Marketing Business Group has exhibited

. However, the effective cost control helped decrease SG&A expenses, thus overall performance has improved. Bio-based product business The Biodiesel business performance improved from the same period of the

million ( + 75% YoY, + 84% QoQ) , or earning per shares of THB 1. 35. The performance vastly improved mostly from the refinery business recorded high utilization rate and better GRM, as well as the power

remediation plan, contributing to constantly improved system of quality control within the firm. The most striking result to emerge from this inspection cycle was the improvement of “leadership responsibilities

standards and relevant regulations as well as being communicated to the personnel. Moreover, the inspection results of individual audit engagements in 2017 showed that the overall audit quality had improved

improved relations with workers, creditors, and other stakeholders. Better investor protection can lower the cost of capital and encourage companies to list and raise funds through equity markets. It is

Company has the potential to expand the investment whenever the overview of external market condition improved. 4. Liquidity and Source of Funds 4.1 Suitability of Capital Structure (A) Capital Structure As

- commissioning activities planned in December 2017 and startup early 2018. In addition to improved cash flows as a result of the better performance, the Company’s Balance Sheet al- so strengthened as a consequence