AIE Books a Net Loss of ฿157mn as the Up-Down Price of Plam Oil

AI Energy Public Company Limited (AIE) has reported its yearly consolidated financial statement of 2019 through the Stock Exchange of Thailand as follows;

AIE reported a net loss of 156.50 million Baht, which net loss has increased 84.18 million Baht or 116.40 % from the previous year. Increased loss is the result of adjusting up-down price of crude palm oil during 2019 and an oversupply of palm fruits and CPO that have flooded into the market, moreover Thailand’s CPO safety stock reached 500,000 tons, where the safety stock should be around 200,000 tons.