global crude oil price, and gross profit of power plant business declined from the lower electricity generated. 3. Other income THB 891 million, primarily from BCPG Plc. recorded profit from selling of
weaker global demand as a result of slower growth in the number of major trading counterparties, the trade war between US and China, and a decreased global crude oil prices. However, the tourism sector
weaker global demand as a result of slower growth in the number of major trading counterparties, the trade war between US and China, and a decreased global crude oil prices. However, the tourism sector
into the adoption of Low Sulphur Fuel Oil as the fuel source for shipping vessels following the mandate of the IMO which will begin enforcement in 2020. Nevertheless, from the volatility of global crude
business; due to finished product price increase that coincide with the rise of global crude oil price, and total sales volume increased by 5%. Also, the company received higher revenue from the power plant
recorded an increased revenue coinciding with global crude oil price, leading to increased gross profit, but saw production and sales volume decrease according to the Natural Decline Curve. There was also
average selling price in this quarter decreased when compared to the previous quarter, following the decline of global crude oil price. The Galoc Oil Field recorded an average production rate of 3,858
proportion of high value products than the previous quarter. However, inventory loss, including LCM, was higher than in Q1/2019 from the volatile global crude oil price during the quarter. 3. Other incomes
. 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
following global crude oil price movement, led to an improvement of gross profit. However, production and sales volume decreased according to the Natural decline curve. In this quarter, there was a loss from