previous year have ended and the competition has intensified in the stainless pipe product. As a result, sales and gross margin declined in the current quarter. While administrative expenses have increased

competition improved from previous year with price adjustment seen in 1H19 in both postpaid and prepaid segments. However, prepaid unlimited data plans has re-emerged in 2H19. Bundling attractive discounts on

the nonferrous mining segment is likely to underperform versus previous years and we face competition in Laos. The potential strength of the Thai baht, which is forecasted to appreciate 4% in 2019, will

, which decreased from the previous year resulting from the competition and the impact of the trade war. Although the sales volume was reduced due to the said situation, the Company could still maintain the

decline was caused by the aggregate Biodiesel production capacity which have increased by 1.2 million litres per day from the same period of the previous year, resulting in the higher competition in the

market recorded marginally lower oil sales compared to the previous year due to the intense competition brewing within the industrial market, and stock management within the refinery during the

increase of total sales volume, especially from thruput volume through service stations, which has the second largest market share and is constantly on the rise. However, intensifying market competition has

the corresponding period of the previous year. While gross profit margin decreased due to the higher competition in Trading business resulted in - Gross profit margin of second quarter was 10.13% of

corresponding period of the previous year. Gross profit margin decreased due to the higher competition in Trading business resulted in - Gross profit margin of third quarter was 13.80% of revenue from sales and

same level as the previous year. - Profit before income tax expenses was down by 32% from 59.7 mil. baht to 40.3 mil. baht mainly due to eroding gross profit from Chemicals business as competition