: United Kingdom of Great Britain and Northern Ireland 15. United States of America

million increased by Bt118.1 million or 3.1%(y-o-y) which according to the growth of the total fuel volume that the Group provides services. However, from the start of operation of the Northern Fuel

finance for the expansion of the Northern Multi- Products Fuel Pipeline project of Bt118.9 million. As a result, the Group's financial expenses in 2017 amounted to Bt160.3 million increased by Bt29.1

%(y-o-y) from 52.7 million passengers in 1H/2018. For the total multi-products fuel transportation volume of FPT was increased by 10.5%(y-o-y) to 1,212 million liters due to the Northern Pipeline

been reduced due to the proceed of investment in the Northern Multi-Products Fuel Pipeline project (NFPT). 1.2 Expenses 1.2.1 Cost of services In Q1/2018, Cost of services was of Bt378.2 million, an

income in 2018 was Bt52.3 million, decreasing by 11.2%(y-o-y) since lower interest income as the investment in short-term Government bonds have been reduced due to the proceed of investment in the Northern

Northern Multi-Products Fuel Pipeline project (NFPT). 1.2 Expenses 1.2.1 Cost of services In 2018, Cost of services was of Bt1,658.9 million, increased by Bt52.9 million or 3.3%(y-o-y), mainly due to the

buildings, constructions, aircraft refueling vehicle fleet and) the increase in the depreciation from the FPT’s multi-products fuel pipeline expansion project to the northern part of Thailand phase 1 (NFPT

/2018. The company is constructing a new recycling plant in Lampoon. The new plant will be used for managing waste in Northern part of Thailand. The new plant in Lampoon will lower managing cost and

multi- products fuel pipeline expansion project to the northern of Thailand (phase 1 or NFPT-phase1) . The Gross profit margin of the Group was of 54.1% compared to 59.0% of Q3/2018. While in the nine