allowed check-up items for each insurer decreased when approaching the second year. Average number of insured persons remained on the rise from approximately 173,500 persons as of 2Q’18 to 187,300 persons
inventory management prior to the refinery’s maintenance period, while Dubai crude price were on the rise throughout the quarter. The refinery business recorded an inventory gain in the amount of THB 856
respectively, equivalent to 62.5% and 76.0% of total revenue in Q3/2016 and Q3/2017 respectively. An increasing in cost-of-sale was derived from the rise of average steel-coil price, which the average steel-coil
holding segment 3Core EBITDA is Reported EBITDA less Inventory gains/(losses) 4Core Net Profit is Reported Net Profit less Inventory gains/(losses) one-time extraordinary items 5Operating Cash Flow is after
price in the quarter, inventory gain was recorded at THB 241 million ( Inventory Gain Q3/2017: THB 450 million, Q2/ 2018: THB 856 million) . However, Net marketing margin was effected by the sharp rise in
reduced Market GRM, following the decline in refinery production volume due to the TAM, as well as a decrease in average Gasoline/Dubai crack spread and Fuel oil/Dubai crack spread, and the rise in crude
spread between finished product and crude oil in every product category, and from the higher average crude oil price; resulting in an Inventory Gain of THB 834 million, exceeding 2016’s. Moreover, there
effect of the widened Crude premium over Dubai, as well as the lowered oil product spread over crude oil price. There was an Inventory Loss of THB 70 million, and GRM hedging loss. Marketing Business Group
, respectively. The rise was mainly driven by growth from overseas business and also domestic sales of a new product, carbonated canned green apple flavored Carabao in 180ml (“Carabao Green Apple”), launched
a result, the refinery business recorded an Inventory Loss of THB 1,253 million (including a reversion of lower of cost or market (LCM) THB 689 million) in 2019, which adversely affected the