Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 1/2020 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural

trade of natural gas. In accepting the said right, the Company or its subsidiary shall purchase the entire shares of Hemaraj in Gulf WHA MT Natural Gas Distribution Co., Ltd. (“Gulf WHA MT”), a joint

costs. In the first half of the year 2017, natural rubber and synthetic rubber prices are higher than the year 2016. Although in the 4th quarter, natural rubber and synthetic rubber prices have fallen to

costs. In the first half of the year 2017, natural rubber and synthetic rubber prices are higher than the year 2016. Although in the 4 th quarter, natural rubber and synthetic rubber prices have fallen to

margin decreased 5% from Q1/2018, because of the growth rate of natural gas price and the rise in finance cost from interest payment and short-term loan financing fee related to the acquisition of GLOW

) 0.8 0.6 0.2 (66.7%) (75.0%) 2.2 0.8 (63.6%) Sales from Natural Gas Power Plant 657.4 734.1 664.0 (9.5%) 1.0% 1,326.0 1,398.1 5.4% Sales of electricity - FiT, base tariff and Ft 73.5 74.5 81.0 8.7% 10.2

fibersol, L-carnitine and vitamin B, and Peptein Gold, a drink containing natural superfoods which provide anti-aging properties, boost the immune system and reduce inflammation. Personal Care Segment Total

the Ethical Standard Act B.E. 2562 (2019), which has come into force since 17 April 2019. Details of the Declaration of Intent (Thai version only) are available at https://www.sec.or.th

aims to promote ASEAN capital markets as a driving force for sustainable development and an investment destination recognized by global investors in line with the concept of Advancing Partnership

plants of Baht 2,340 million. As for GPSC’s SPP plants, gross profit decreased by Baht 38 million due to the growth of cost of natural gas following the rise in both quantity required and average price. In