quarter increased from the previous year from the commercial operation of various solar power plants both in Thailand and Japan, but decreased from the entering of rainy season which lowered the average

started utilizing its tax benefits approximately Baht 70.0 million from the investment in new machinery. Q1/2020 vs Q4/2019 (QoQ)  Net profit in Q1/2020 reduced by 16.0% QoQ, mainly due to the decreased

total operating revenue of Baht 4,040.8 million, reduced by Baht 779.5 million or 16.2% QoQ. The decrease was mainly due to the following reasons:  Revenue from sale of goods decreased by Baht 731.0

cost of production decreased 0.20 million baht. Back up inventory deteriorated decreased 0.40 million baht. Reduced reserve price decreased 0.05 million baht. Salaries, wages and other expenses decreased

/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

margin in Q2/2020 was -2.1% which decreased by 22.2% from Q2/2019 due to the decline in total revenue although SG&A expenses were also lowered from the cost- saving plans that have been carried out. 1H

production has significantly decreased. When compared to the previous quarter, sales volume reduced as Bangchak, the major buyer, had gone through TAM, thus decreased its purchase volume; moreover, gross

, whereas the crack spread between finished product and crude contracted for some products. The FO/DB spread decreased by more than 57%, and the UNL95/DB lowered by 7% from the previous year. Further, in this

support and several kinds of loan package, reduced electricity and water tariffs, and put in place a debt moratorium for citizens and businesses. The Cabinet of Ministers issued an emergency decree

, in order to disclose the information to investors and public. The Overview of Business Operation In the 1st quarter of 2020, the company had the net loss of 59.23 million baht, decreased by 72.70