refinery margin to shrink. In this quarter, even though the crude oil price situation continues to improve constantly from December 2018, the cost of a proportion of crude oil that was refined within this
/Litre, lowered by 5% YoY, a result from lubricant product’s rising cost compared to their stagnant price, combined with slight dips in retail marketing margin. Marketing margin decreased 1% QoQ, from
, leading to the company optimally determined retail price correspondingly to product cost. However, during this quarter, Inventory Loss was recorded at THB 591 million [including losses on inventories
. Total GRM increased by 5% YoY and 17% QoQ from the improved Market GRM that rose due to significant increase of production after the turnaround maintenance (TAM) , combined with crude cost that benefited
. However, the effective cost control helped decrease SG&A expenses, thus overall performance has improved. Bio-based product business The Biodiesel business performance improved from the same period of the
tourist travel. Total marketing margin, was at 0.73 THB/Litre (-9% YoY, -11% QoQ), the lower retail margin was due to the constantly increasing crude price throughout the quarter, affecting the product cost
Revenue from sale of goods and rendering of services 43,995 46,306 44,226 1% -4% Cost of sale of goods and rendering of services (39,969) (42,711) (40,897) 2% -4% Gross Profit 4,026 3,594 3,328 -17% -7
a result, the refinery business recorded an Inventory Loss of THB 1,253 million (including a reversion of lower of cost or market (LCM) THB 689 million) in 2019, which adversely affected the
in September, while the company was unable to adequately adjust retail prices to keep up with the increasing product cost. Power Plant Business Group earned lower revenue from sales and rendering of
business to record an inventory loss of THB 107 million (including lower of cost or market (LCM) of THB 15 million). As for the trading business operated by BCP Trading Pte., Ltd., its performance was