market, where the oil business is in on a downward trajectory following slowing global economy due to the trade war between the US and China. The Dubai crude price in 2019 averaged at 63.51 $/BBL, a
business through BCP Trading Co., Ltd., the company’s performance has improved from a higher transaction volume in terms of product line, and new trade partners. Marketing Business Group has exhibited
increased to an all-time high from the past 3 years, as well as market sentiment fearing for the prospect of trade war after the US increased import tax of various raw materials, which would inadvertently
rate at the end of the period. 7. Losses from foreign exchange in the amount of THB 39 million, due to the Thai Baht depreciating which led to losses on loans and foreign currency trade payables, however
contract in the amount of THB 78 million. As for BCP Trading Pte. Ltd. , the company recorded more revenue from the amount of trade transaction and the significant increase in oil price. Management
oil in price throughout the quarter, especially the Dubai crude oil price which dropped during early August to September from concerns over the trade war between the US and China, combined with the Thai
subsidiaries from the appreciating THB. 6. Gains from foreign exchange was recorded at THB 92 million, from THB appreciation, mostly from foreign exchange gain on trade account payables and USD loan. However
exchange was recorded at THB 299 million, due to the appreciating THB, mainly from the different in exchange rate of BCP group’s trade account payables and USD loan. 7. Loss from asset impairment in the
decrease of THB 474 million, as THB fluctuated all year round, resulting in a gain mostly from trade account payable, loan to related parties, and loans in foreign currencies. 8. Losses from impairment of
affected by the decline in most of the finished product and crude oil crack spreads, as a result of the oversupply situation in finished oil products, and the anxieties over the trade war between the US and