Distribution Business, revenue declined in relation to lower sales volume in YoY and QoQ. Mainly, attributed to the intense competition within the Ethanol business from the total national production of Ethanol
% because of intense competition in domestic market resulted the selling price increased slower than increasing in cost of goods sold. 4. Selling expenses were Baht 180.62 million, increased Baht 23.57
be used in the production of alcohol gel, and other disinfectant products permitted by the Excise Department. As for the amount of total Ethanol products sold, it increased QoQ, but dropped slightly
Million Baht (56%) from Q2/2016. The main causes for the lower net profit are economic in Thailand have not yet recover and intense competition. Discussion and Analysis of the Company and its subsidiaries
recovery, competition for available projects are more intense. Discussion and Analysis of the Company and its subsidiaries Operational Results in 2017 and 2016 Corporate Revenue In 2017 the Company and its
prohibited period to be major shareholder clause 4 (4)(5)(6)(7)(8) or (9) of the Notification of the Ministry of Finance minimal moderate intense one year three years five years clause 4 (10) of the
still intense competition together with exchange rate fluctuations causing the sales of this product of the company to decrease. However, the company expects that with the strength of sale channel and
there was a lack of capital expenditures projects, resulting in low work load in the first half of 2018. For new projects that came in 2018, as a result, there was very intense competition in terms of