of 2. 28 $/BBL when compared to 2018, due to pressures from the demand for High Sulphur Fuel Oil that lowered in succession prior to the enforcement of the usage of the bunker oil with Sulphur content
lowered due to high competition during low season. The company has a strategy to pursue more Non-oil business endeavors in order to offer modern consumers more convenience when using service stations; the
have lowered their stock of high Sulphur bunker fuel oil and have transitioned into stocking low Sulphur bunker fuel oil as to prepare for the transition to the utilization of bunker fuel oil with
deliveries postponement to some Government projects to 2020. Furthermore, the significant flooding of Chinese goods amid the ongoing US-CHINA trade disputes has sent the market into high competition and
high at 114.02 KBD. Marketing Business was able to increase market share and maintain its 2nd position in the market. Power Plant Business realized additional profit from Solar and Wind Power Plants. As
1,386 million, or earning per shares of THB 1.01. The company and its subsidiaries performance improved, especially the Refinery Business Group which still maintains its average crude run at a high level
/2019, e.g., depreciation, employee expenses, and utilities expenses. Meanwhile, the Company’s adoption of TFRS 16 since 1 January 2020 lowered cost of rental and rendering of services in Q1/2020 by Baht
of profit from the Wind Power Plant business in the Philippines was THB 29 million, improvements in performance stemmed from its High Season, while the share of profit from the geothermal power plant
). Total Gross Refinery Margin (Total GRM) rose 67% YoY and 26% QoQ, while Market GRM lowered from the decreasing production volume. Moreover, the average crude price adjusted upward in the quarter, leading
maintenance (TAM) (from 30 April – 13 June 2018). However, average crude run for the year was in accordance with the target at 102.39 KBD (85% utilization rate), and achieved its all-time high monthly average