political clarity from elections. Resulting in a slowdown in investment from the private sector and the public sector, there is intense competition from the domestic market. Increasing product costs due to
attributable to the owners of the parent THB 214 million, an earnings per share of THB 0.16, with performance from each business unit as follow: The performance of Refinery and Oil Trading Business Group was
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
market recorded marginally lower oil sales compared to the previous year due to the intense competition brewing within the industrial market, and stock management within the refinery during the
. 12. The performance for each business unit are as follow: The company groups’ 2018 performance declined significantly compared to the previous year, as the Refinery and oil trading business group was
effect of the widened Crude premium over Dubai, as well as the lowered oil product spread over crude oil price. There was an Inventory Loss of THB 70 million, and GRM hedging loss. Marketing Business Group
remains high, and gross refinery margin improved from the increase of crack spread for all products, along with a record of inventory gain from rising average crude oil price during the quarter. Marketing
the parent was THB 528 million (-46% YoY, +147% QoQ). Earnings per share was THB 0.38, with performance from each business group as follow: Performance of refinery and oil trading business was still
performance from each business group as follow: Performance of the Refinery and Oil Trading Business Group recorded a significant improvements in Operating GRM from the previous quarter, due to the increment 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