slightly, its mixture in Diesel fuel remains at 7% the entire quarter, Gross profit improved from the cost of crude palm oil that was used in manufacturing lowered at a faster pace than the price of B100
business operations, namely the trading business of accessories and faucet products and the crude oil palm (CPOA) trading business. This is because the percentage of revenues from the manufacturing business
Rule”). Currently, the Company focus on the business expansion of the crude palm oil (CPOA) trading business for biodiesel as there is a high potential growth and will partially conducting a trading CPOA
accessories and faucet products and the crude oil palm (CPOA) trading business for biodiesel production. This is because the percentage of revenues from the Manufacturing Business accounted for 4.4 – 9.6
million for 2018. In 2018, the Company had prevented conflicts of interest by purchasing crude palm oil (CPOA) from related persons or juristic persons. The buying price is not higher than 30-days
their allies unable to come to terms on oil production cuts. This further exemplified pressure on the price of crude in the global market to make a severe reduction late in the quarter. Average price of
government sector introducing stimulus packages, which would cause demand for fuel consumption in the industrial and transport sector to increase. Moreover, the excess of crude oil supply trends to decrease
Crude Oil from other country and also support stability of the power business of Thailand. The Company contemplates to expand its business to cover crude palm oil (CPOA) trading business for biodiesel and
| 2 Executive Summary In 2019, overall palm oil production and crude palm oil ( CPO) inventory remained high in both domestic and international market, although the inventory plunged to a minimum record
oil inventory remained high, crude palm oil (CPO) price continuously declined, as well as Crude Palm Kernel Oil (CPKO) price decreased. This year, the Thai government biodiesel mandate was set to B5 and