that, the market competition intensified to compete for market share due to contraction in demand. 2 2. Total cost of goods sold amounting to 1,715 million Baht was increased by 87.74 million Baht from
from the previous quarter. However, with domestic demand for oil consumption lowering, the refinery had to adjust its production down to optimal level, average production rate was 89.3 KBD or 74
comparison during year 2019 which is a guideline that can be done according to the requirements of the said financial reporting standards thus group of company choose to adjust list of cumulative happened from
price of crude and finished product to make its downward trend. With demand for fuel consumption declining across the globe, combined with the Organization of Petroleum Exporting Countries [ OPEC] and
maintain positive view on property market in long-term, specially demand for high-quality residential property and office space. For the plan on residential property business, in 2Q19, the Company had signed
which affected employment and domestic demand*. However, the Company sees that the lower interest rate gives a positive impact to overall real estate industry due to a potential lower cost for both, real
provide an opportunity for overall real estate industry due to a potential lower cost for both, real estate developer and buyer. The Company’s focus is on developing projects to serve real demand for
referenced crude oil price of every products; stemming from a state of excess supplies of finished products in the market, and declining demand from the 4 Management Discussion and Analysis of Business
and international economic situation, political situation, household debts as well as demand-supply imbalance. In Q2/2019, the LTV (Loan to Value) measures are enforced. Business operators thus need to
therefore it is appropriate to adjust impairment items of the said assets in this quarter to be in line with trading prices set in purchase agreement EXPENSES % per % per % per % per Revenue Revenue % Revenue