% Cost of services - Tolling - - Selling expenses 238,841,441 365,224,430 -53% Administrative expenses 940,093,555 843,319,164 10% Provision for loss on purchase orders for undelivered raw material

Steel Industry According to the World Steel Association’s report on world crude steel production was 444.1 million tons in the first three months of 2019, significant increase by 4.5% compared to the same

sales volumes plus greater main raw material costs from higher crude oil price and tight market supply. However, the overall spread margin was improved and bring 23.9% gross profit margin comparing to

despite of the drastically decline in Ethylene and Glycerin price from ample supply plus lower crude oil price. 2. In Q2 2019, Selling and Administrative Expenses was 338 MTHB, increased by 59 MTHB or 21.1

profit margin was slightly brought down by 0.9% of gross profit margin due to turnaround costs and the rise of main raw material prices from tight supply plus greater crude oil prices. 2. In Q2 2018

or 17.2% due the drastic decline in Ethylene and Glycerin price from ample supply plus lower crude oil price. 2. In Q3 2019, Selling and Administrative Expenses was 361 MTHB, increased by 42 MTHB or

in Ethylene and Glycerin price from ample supply plus lower crude oil price. 2. In Q1 2020, Selling and Administrative Expenses was 350 MTHB, increased by 30 MTHB or 9% comparing to Q1 2019 which

investment. Since the crude oil prices gradually increased in line with the global economic recovery and OPEC continued its descending crude oil production. This affected the Company’s raw material prices

costs around 236.62 million baht or 8.19% comparing to last year. Most raw material prices increased following the rising of crude oil price that increased around 29.77% comparing to last year as well as

. The price of crude palm oil in between the 2nd quarter and the 3rd quarter of 2018 were continuously decreased in the range of THB 23.00 – THB 19.00 difference THB 4.00 /KG which is larger in variance