% YoY and 7% QoQ, mainly attributed to the refinery business in Q1/2018, where Total GRM decreased to 6.37 $/BBL (Q1/2017: 7.96 $/BBL, Q4/2017: 8.75 $/BBL), as there was an Inventory Loss of THB 70
crude run to a high level, although the Hydrogen Production Unit and Hydrocracking Unit underwent temporarily shut down between May and June. For this quarter, the gross refinery margin was 6.38 USD/BBL
63% YoY and 16% QoQ, mainly attributed to the refinery business in Q2/2018 where Total GRM increased to 12.82 $/BBL (Q2/2017: 4.18 $/BBL, Q1/2018: 6.37 $/BBL) Management Discussion and Analysis of
. Gross refinery margin was 6.66 USD/BBL (+1.04 USD/BBL YoY, +0.28 USD/BBL QoQ), GRM was higher from the increase in crack spread of most finished oil products, while Dated Brent and Dubai crude spread (DTD
Property, leasehold improvement and equipment as of December 31, 2018 was of Bt11,353.9 million, increasing by Bt4,149.7 million or 57.6% from December 31, 2017 Page 5 of 6 2.1.3 Project costs under
to Bt833.0 million 2.1.2 Property, leasehold improvement and equipment as of December 31, 2018 was of Bt11,353.9 million, increasing by Bt4,149.7 million or 57.6% from December 31, 2017 Page 5 of 6
lease payment amounted to Bt62.5million. Page 5 of 6 2.1.2 Property, leasehold improvement and equipment as of March 31, 2019 was of Bt11,759.2 million, increasing by Bt405.3 million or 3.5% from December
recorded at THB 2,181 million, decreased by 34% YoY, mainly attributed to the refinery business’s Total GRM of 3.49 $/BBL, compared to Q1/2018’s 6.37 $/BBL. The decline was brought about by most of the
recorded at THB 13,543 million, increased by 14% YoY, mainly attributed to the refinery business. In 2017, Total GRM was 7.23 $/BBL an increase of 0.70 $/BBL when compared to 2016. The refinery business
the refinery business which recorded much higher production rate, and benefited from the narrower average DTD/DB spread, resulting in 8. 05 $/BBL of total GRM. Also from the higher average crude oil