, compared with the same period of 2018, with a net loss of 30.84 million baht, representing an increase of 52.76 million baht or 171.08 percent, consisting of net profit of palm oil trading business 20.43

the same period of 2018, with a net loss of 2.788 million baht, representing an increase in net profit of 4.110 million baht or 147.42 percent, consisting of net profit of palm oil trading business 1.76

costs and administrative expenses 70.65% compared to the same period last year Because the company has increased palm oil trading business from the distribution of tap water and tap water products

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

| 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 price throughout the quarter, leading to an inventory loss. However, despite the refinery Hydrogen Production Unit and Hydrocracking Unit temporary shut down, refinery’s average crude run remained

parent THB 620 million (68% QoQ, 140% YoY). Earnings per share was THB 0.38. As for 2019 performance of the company and its subsidiaries, it is still affected by the fluctuations in oil price of the global

to an inventory gain of THB 856 million. However, there was a loss from crude and product oil price hedging contract at THB 75 million. Furthermore, the refinery planned to manage the stocks of

from narrower DTD/DB spread. Within this quarter there was an inventory gain of THB 241 million from the increase in crude price, but there was a loss from the crude and product oil price hedging

reduction in December. Therefore, Fuel Oil imports lowered by 10% from the normal imports to Singapore. Refinery and Trading Business Group Performance As for the 2018 performance of the refinery and trading