higher products sold than previous year. The Company was possible to allocate fixed costs efficiently. Although, the price of crude palm oil was fluctuating during certain periods, the Company still

remains an important factor. Although, the price of crude palm oil was fluctuating during year, the Company still maintains a policy to manage the inventories’ optimization efficiently which can be

Operation for FY2019 Bangchak Corporation Plc. | receding state of the global economy. Furthermore, crude oil price in the global market has been fluctuating throughout the year, especially between the

compared to same period of previous year as amounting of 331.89 Million Baht by fluctuating from increase in sale volume  Cost from services as amounting of 165.77 Million Baht (63.18 Million Baht or 27.60

| 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 1Q2019, palm oil production and crude palm oil (CPO) inventory have remained high in both

of crude oil and not to record material revenues and other account in AIE’s accounting system causing inaccuracy in AIE’s financial statements for Q1-Q3 of the year 2014 and the financial statement for

crude oil and not to record material revenues and other account in AIE’s accounting system causing inaccuracy in AIE’s financial statements for Q1-Q3 of the year 2014 and the financial statement for the

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

and its subsidiaries recorded total EBITDA of THB 2,514 million (-38% YoY, -38% QoQ), the performance softened, especially for Refinery Business, which was affected by the continuously lowering crude