| 2 Executive Summary In 2019, overall palm oil production and crude palm oil ( CPO) inventory remained high in both domestic and international market, although the inventory plunged to a minimum record

| 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 crude palm oil price had continued from quarter 1/2017 as well as crude oil prices declined, compared to stock Gain of Baht 10 million in quarter 2/2016. Performance Analysis for Methyl Ester

/2017, the company still had stock loss of 135 MB, while the company had stock gain of 172 MB in quarter 3/2016 which was the period with a continuous up- trend of crude palm kernel oil price. Quarter 3Q

termination of tolling and repayment of short-term loan USD 20 million from the cash received from Right-offering received in previous quarter. • Net gain from exchange rate The Company had recorded gain from

Baht 1,810 million last year mainly due to waiver of interest of Baht 5,506 from creditors consequent to conversion of the Debt to Equity, Gain from capital reduction in Subsidiary Baht 1,130 million and

year. Despite the reduction in sales quantities and prices, the increase of Baht 1082 million was mainly on gain from decreased capital of investment in subsidiary (Baht 639 Million), Reversal of loss on

1Q2020, overall palm oil production in both domestic and international market declined due to the significant impact of drought on agriculture. According to Department of Internal Trade, local crude palm

Million for Last Year Quarter mainly due to increase in loss on devaluation of Finished Goods and Raw Material by THB 158 Million and lower Foreign Exchange Gain by THB 95 Million compared to Last Year

not able to cover selling and administrations expenses of the Company. In addition, in 2017 the company had realized gain from debt restructuring by converting major portion of trade debts into equity