, 1987; Budish et al., 2014, 2015) • Provide more accurate price discovery (Barclay & Hendershott, 2008; Li et al., 2021) and reduce volatility and improve liquidity (Eom et al., 2021;Huang & Tasi, 2008) 4

the six-month period. The increases of the cost of sales and service were due to more sales volume; as well as more depreciation caused by the investment in machinery to improve production efficiency

up and improve the strategy in order to gain higher sales volume throughout the year, resulting in higher sales volume from Q2 onward. The outcome of strategy improvement and cost control made NCL

water in the reservoirs in Chonburi and Rayong were 70% and 80% of total capacity respectively. Water Volume (Million Cu.M) Chonburi Rayong Bangpra Nongkho Dokkrai Nongplalai Klongyai Prasae Water reserve

refinery margin to shrink. In this quarter, even though the crude oil price situation continues to improve constantly from December 2018, the cost of a proportion of crude oil that was refined within this

recorded its year-to-date market share in terms of retail sales volume at 15.8%, or at the 2nd rank, and continue to increase the shares. Total marketing sales volume reduced from the intensifying

million Baht or 87.34% as compared to the year 2021 which incurred at 576.65 million Baht. The decrease was mainly due to the Company’s sale volume during January to September 2022 has been ท่ีตั้ง 55/2 หมู

.MB when compared with the same period of the previous year; or . per cent increase. It is expected that tendency of positive economy shall bring continuous increase of sales volume in the remaining of

ZMICO had a substantial increase in brokerage commission fee from both higher market trading volume and soaring market share from 1.88% in 2019 to 2.16% in this quarter. In addition, the strategies to

depreciation caused by the investment in machinery to improve production efficiency, reduce cost of production in the future, and support more sales volume in the future. - Administrative expenses increased by