profit of 13.95 million Baht, an increase of 11.99 million Baht, compared to the previous year which had net profit of 1.96 million Baht. The additional details will be described as follows: Overview of
increased from business expansion. For the 9M/2018, the net profit improved by Baht 420 million or 17% from 9M/2017. The gain was primarily due to start-up of IRPC-CP Phase 2 and ISP1 in Q4/2017 and the
significant rise of natural gas prices while the Ft rate did not increase correspondingly to reflect the higher cost, which impacted the gross profit of Rayong Central Utility Plants and IRPC-CP. Also, the
significant rise of natural gas prices while the Ft rate did not increase correspondingly to reflect the higher cost, which impacted the gross profit of Rayong Central Utility Plants and IRPC-CP. Also, the
lower sales volume across all product due to major plant turnaround in Q2 2018. However, the overall selling price improved, especially for Caustic Soda and Epichlorohydrin due to the limited export
the improved selling price across all products, especially for Epichlorohydrin (“ECH”) caused by limited export from China and PVC from better market condition. Analysis of Cost and Expenses 1. In Q3
profit decreased by Baht 128 million mainly due to the decrease in steam sales volume of Rayong Central Utility Plants (CUP) and IRPC Clean Power (IRPC-CP) decreased, even though the electricity sales
the lower natural gas price. However, gross profit of IRPC Clean Power plants (IRPC-CP) slightly decreased by Baht 8 million, however, gross profit of GLOW's SPP plants increased by Baht 15 million due
profit of 548 MTHB, decreased by 406 MTHB or -5.4% of net profit margin comparing with Q1 2018. This decrement was mostly caused by lower products’ spread margin across all products together with the
from greater sales volume across all products because of major plant turnaround in Q2 2018. The overall selling price decreased, especially for Caustic Soda due to the fall of its market price trend and