revenue is 1% lower. On the COGS side apart from normal inflation fuel prices have significantly increased. We have optimized the fuel mix however to mitigate the impact, but this increase will last into
transaction. If this impact is removed lower SG&A costs compared to Q1 2017 is a result of reduced headcount across all levels including management. However, on the COGS side apart from normal inflation fuel
apart from normal inflation fuel prices have increased and this increase will last into the end of the year and into early 2019. On the positive side optimization in plant layouts is expected to result in
positively. On the variable cost side, apart from normal inflation, as highlighted since Q2 fuel prices have increased versus the same period in 2017. The latest fuel shipment in December was more economical
demand in the agriculture sector. However, this year, agricultural fuel demand have rose back to normal level. In the quarter, the company also benefit from diesel supply shortage at the beginning of the
2019. The PDP 2018 focuses on the use of natural gas as primary fuel for power generation as well as the increase proportion in renewable energy, especially household solar rooftops. In addition
replace its catalyst from mid-July to mid-August. The unit has currently resumed operation and operates at full capacity. Despite the higher Fuel Oil yield portion during this quarter, the refinery
price of crude and finished product to make its downward trend. With demand for fuel consumption declining across the globe, combined with the Organization of Petroleum Exporting Countries [ OPEC] and
” which upgraded the quality of fuel with the Green S technology that would bring out maximum engine performance. The products were well-received by customers. The company is able to continuously grow its
Unit 6 Co-firing 2050 2030 03 NET ZERO 2050 • Expand green energy capacity • Use 100% clean fuel • Retrofit 100% CCUS • Expand Hydrogen value chain • Expand green energy capacity • Expand alternative