EBITDA was 111 MB, decreased 56% from quarter 3/2016 which was at 251 MB. Due to the continuous decrease in crude palm oil price since quarter 2/2017, the company realized Stock Loss for Methyl Ester

and THB 299 million, respectively. Biofuel Business suffered a decline in gross profit from the continuous decline of Crude Palm Oil price, leading to the price of the B100 product to decline as well

continuous increment in global crude price, leaving the retail price unable to keep up with the cost, in addition with government policy to peg the price of Diesel. Power Plant Business Group recorded total

inventory loss of THB 2,517 million, even though market GRM was still affected by the average finished product and reference crude price crack spread’s continuous decline from late 2018. Gross profit recorded

of 0.96 THB. The company and its subsidiaries recorded total EBITDA of THB 3,580 million (+28% YoY, +42% QoQ), performance improved, especially for the Refinery Business, of which average crude run

liter through continuous initiatives to increase the portion of retail sales, combined with crude price that dropped during the quarter. When compared to Q1/2019, gross profit rose 19%, mostly attributed

joint partnership in a World Class Asset with long continuous production life, the oil produced is highly priced light crude oil. The investment is a considerable progress made on the foundations laid by

continuous decline in global HRC prices and concerns about the growing spread of global epidemic of COVID 2019 towards the end of 1st quarter of 2020. This also resulted resulting in slowing orders 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

stable whilst the cost for import scraps is continuous increase. However, in the third quarter of 2018, the Company had the sale revenues and sale volumes increased in significantly, which can summarized