| 2 Executive Summary In 2019, overall palm oil production and crude palm oil ( CPO) inventory remained high in both domestic and international market, although the inventory plunged to a minimum record

Limited Global Green Chemicals Public Company Limited Management Discussion and Analysis | 2 Executive Summary In 2Q/2019, overall palm oil production and crude palm oil (CPO) inventory have remained high

| 2 Executive Summary In 3Q/2019, overall palm oil production and crude palm oil (CPO) inventory remained high in both domestic and international market, thus crude palm oil (CPO) and crude palm kernel

increasing the rate of benefit of an employee who has past service 20 years or more from 300 days to 400 days amounting to THB 20 million and pay-off for termination of employee of THB 9 million. GJS บริษัท จ

despite of the drastically decline in Ethylene and Glycerin price from ample supply plus lower crude oil price. 2. In Q2 2019, Selling and Administrative Expenses was 338 MTHB, increased by 59 MTHB or 21.1

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

16% Employee benefit obligations 101 80 (26%) Total non-current liabilities 1,164 1,257 7% Total liabilities 2,854 5,607 (49%) Total equity 14,143 13,218 7% Total liabilities and equity 16,997 18,824

accrued expenses 0 58 100% Long-term loan from related parties 1,059 1,118 5% Liabilities under financial lease 1 1 24% Employee benefit obligations 103 80 (29%) Total non-current liabilities 1,163 1,257 7

of 0.96 THB. The company and its subsidiaries recorded total EBITDA of THB 3,580 million (+28% YoY, +42% QoQ), performance improved, especially for the Refinery Business, of which average crude run

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