net operating loss is equivalent to 15.82% The loss was due to the declining global economy and the greater range of fluctuation that had a strong effect to maritime industry. However, the loss

hedge against the fluctuation in the foreign exchange rates of buying and selling contracts. 4. Selling and administrative expenses decreased by 7.71 million baht (from 118.49 million baht in 2018 to

fluctuation of exchange rate, However the company tried to reduce financial risk by hedging against forward exchange contracts. 5. The performances decreased by 425.46 million baht (from 443.44 million baht in

fluctuation of the price of stocks listed on stock exchange of Thailand. 2. Underwriting income decreased by Baht 16.53 million due to the following factors : 1.1 Underwriting expenses increased by Baht 33.37

according to sales volume decrease. 4. Profit from foreign exchange increased by 50.35 million baht (from 21.92 million baht to 72.27 million baht) due to an impact from fluctuation of exchange rate. However

last year, the value of the Company's investment assets this year was effected by the fluctuation of the price of stocks listed on the Stock Exchange of Thailand. Yours sincerely, (Mr. Somboon Fusriboon

the greater range of fluctuation that had a strong effect to maritime industry. However, the loss decreased substantially. Please be informed accordingly. Yours sincerely, Chanet Phenjati President

), with greater exposure to share price fluctuation.

. 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

consumption from private sector. However, expenses from the government sector, and tourism industry sector continued to increase, partly benefited from the return of Chinese tourists, and a decline of the