business operations, namely the trading business of accessories and faucet products and the crude oil palm (CPOA) trading business. This is because the percentage of revenues from the manufacturing business
2018, and planned to expand the scope of its crude palm oil business, which will help boost the revenues and ensure the Company’s constant operating results. 3.2 Calculation of Transaction Size 3.2.1
purchase volume of Crude Palm Oil in order to help alleviate farmers encountering the low Crude Palm Oil crisis. Together with Trade Account Payable of Nido Petroleum Limited increased by THB 222 million
rendering of services was THB 53,461 million, an increment of 37% and 17% QoQ, primarily from revenue related to oil petroleum businesses following higher sales volume, as well as the increased selling price
swaps between major oil companies (petroleum traders in accordance with section 7) and sales of crude oil products Performance for Q4/2019, the refinery business recorded EBITDA THB 1,073 million, an
cost following the widened average DTD/DB spread. Further, crude oil price significantly drop during the year end, led to the refinery business to record Inventory Loss of THB 1,489 million Management
still affected by the oil price volatility in the global market. Despite the crude oil price recovery, the average crack spread between finished product and referenced crude oil price continues to decline
companies (petroleum traders in accordance with section 7) and sales of crude oil products Performance for Q3/2019, the refinery business recorded EBITDA THB 631 million, a decline of THB 19 million compared
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
effect of the widened Crude premium over Dubai, as well as the lowered oil product spread over crude oil price. There was an Inventory Loss of THB 70 million, and GRM hedging loss. Marketing Business Group