| 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

). Table 1 : Performance Summary Table 2 : Adjusted EBITDA Margin In the face of volatile crude palm oil and crude palm kernel oil prices’ movement, both had continued to decrease from quarter 1/2017 due to

from sale of biodiesel is increased by 130.54%, where the price of crude palm oil (main raw material) in the 3rd quarter of 2020 has an average price of 23,500 Baht/ton, which is higher than in the 3rd

government of Indonesia reversed a ban on its export, causing higher output in the world market, as a result, the palm oil prices slumped. Whereas the raw material price in the 3 rd quarter of 2022 was in

the same period of 2019 showed a profit of Baht 432.57 million, a change of loss increased by 101%. In 2019 the Group reversed the impairment loss of assets of Baht 462.86 million, remaining a net loss

cost rate is increasing accordingly. However, in late May, the government of Indonesia reversed a ban on its export, causing higher output in the world market and fear of recessions, as a result, the

and trust in supporting the Company’s business. 3. Management’s Message Management’s Discussion and Analysis (MD&A) for year 2017 4 Overview of World Steel Industry Chart of world crude steel production

World Steel Industry Chart of world crude steel production monthly, ending 31 December 2017 Source: World Steel Association According to the World Steel Association’s report on world crude steel

suspended for two years. The later, on February 18, 2020, The Appeal Court reversed the judgment of the Criminal Court, not pending for punishment and not fines. The case was deemed final. On April 10, 2018

for two years. The later, on February 18, 2020, The Appeal Court reversed the judgment of the Criminal Court, not pending for punishment and not fines. The case was deemed final. On April 10, 2018, the