price in the quarter, inventory gain was recorded at THB 241 million ( Inventory Gain Q3/2017: THB 450 million, Q2/ 2018: THB 856 million) . However, Net marketing margin was effected by the sharp rise in

revenue. Selling expenses contain personnel related expenses, travelling, entertainment and office supplies, etc. Major portion of selling expenses is personnel related expenses which are mostly for salary

referenced crude oil price of every products; stemming from a state of excess supplies of finished products in the market, and declining demand from the 4 Management Discussion and Analysis of Business

every finished product and crude oil price crack spreads, with supporting factors ranging from the maintenance of various refineries in North Asia, as well as concerns over supplies tightening after the

in world oil prices, resulting in a sharp drop in commodity prices this causes a lot of price competition. Yours Sincerely, Ms. Piyanan Suwannaphasri Assistant Managing Director Authorized to sign

fallen by THB 34.73 million, which has led 2nd quarter company’s net profit to fall to THB 0.69 million, a decrease of THB 16.05 million (96.2%). The main factors causing a sharp fall in underwriting

while expenses had grown, as a result; a huge drop in 6 months period by 137%. Profit (Loss) before tax: A sharp drop of 174% in 2Q19 comparing to 2Q18, while 6 months recorded a 91% less than the same

spike in cases of new variant in 2Q21 and still continue, as well as the issue on vaccine supplies. Our network capex remains between 25-30bn to ensure we invest for leadership both on network quality and

. 15.5% over the same period of last year. Sales growth remains driven by Power Electronics business group, especially power supplies for automotive sector (Electric Vehicle Solutions) which increased from

East’s Summer combined with lack of Heavy grade crude supplies from Venezuela that served to reinforced the Dubai crude price increase. Management Discussion and Analysis of Business Operation for 2Q/2018