gained from Phase 3 of the new plant that supported volume growth helped lessen the effect of the above on profit margin. The Company was capable to maintain a satisfactory level of profitability that

million already paid as of September 2019 and THB 600.00 million proceeds from Rights Offering (“RO”) of the Company in October 2019), and breaches the 1.20 times level specified in the agreement with a

Q1/2019 was restated due to adjustment of fair value for investment in the geothermal power plant in Indonesia. Power Plant Business performance in Q1/2019 recorded revenue at the similar level to Q1

0.2 2.3 1,050.0% 109.1% 3.3 3.0 (9.1%) Sales from Natural Gas Power Plant 884.1 664.0 572.9 (13.7%) (35.2%) 2,210.1 1,970.9 (10.8%) Sales of electricity - FiT, base tariff and Ft 76.7 81.0 64.3 (20.6

were tight which were impacted by the announcement of permanent shutdown of a synthetic fatty alcohols plant in Europe and temporary shutdown in some Chinese fatty alcohols plants due to more strictly

at the same level compared to the same period of the previous year. The solar power plant business in Japan recorded an increase in electricity sales by 11 Million kWh (+325%) from the commercial

which mainly resulted from an increase in sales from the product Disc. There were a few supporting factors that affected revenue from sales, both weather condition and water level. We found that water

net profit margin 2) higher depreciation resulted from additional investments in plant, machinery, and office renovations to improve production efficiency and reduce production cost, in order to prepare

Refinery & Trading Business Group 15 Marketing Business Group 17 Power Plant Business Group 19 Bio-Based Products Business Group 21 Natural Resources Business Group 23 Statement of Financial Position 26 Cash

million and keep gross profit margin at the same level. 3. Solar energy (“SE”) had gross profit and gross profit margin at the same level. 4. Trading business (“TD had an increase in gross profit for Baht 6