with faltering heavy sour crude export from Venezuela after the country had been sanctioned by the US. Thus lowering fuel oil exports to Singapore. Management Discussion and Analysis of Business

referenced crude oil price of every products; stemming from a state of excess supplies of finished products in the market, and declining demand from the 4 Management Discussion and Analysis of Business

Baht 4,015 million, a decline of 6.8 yoy while comprehensive income for the first nine months totaled Baht 3,886 million, also declining by 8.8%. Pre-provision operating profit for 3Q20 increased by 13.2

to grow slower than forecasted. It was mainly due to the weakening export sector which attributed to the declining demand worldwide, resulting in the stagnant economic growth in several major trading

contraction of the Thai economy. The economic growth inclined to be slower than forecasted which was mainly due to the trade tensions and the weakening of economy worldwide. Particularly, the export sector has

delay from government spending and the declining trend of steel price from the same period of previous year. 2. Gross profit margin was 9.30% of Total revenue, increased from last year that gross profit

of 26 million bath comparing to Q2/2016. These were results of declining in modern trade market of 16 million baht and traditional trade of 13 million baht. While HORECA (Hotel, restaurant, catering

, regarding to depress in price competition, total export was declined of comprising of declining in G-G contract and other export contracts. o Sales of domestic market also declined comparing to Q3/2016. These

realized in following quarters. The decline of Wholesale/Retail Sale Activities to 169 million Baht was a result of the weakening purchasing power and the increasing market competition. The Export Sale

10% Earnings per share (THB/share) 0.59 0.54 0.05 10% 2 / 4 Consolidated financial results of 12-month ended period  Declining in sales revenue of 2019 8%, mainly are from declining in G-G contract