result, Chantip gained illegal benefits from such buying. Moreover, during 12 July – 10 August 2018, after Chantip knew negative non-public information that the operating results of UVAN in the second

the project would not go as planned where investment proceeds increase while income does not, the net cash flow will be negative.  In this regard, the SEC advises CWT shareholders to carefully study the

affect the value of the asset. Moreover, the economy is generally in recession and there is no clear record of the existing debtor?s past repayment, causing a negative impact on the repayment ratio. And in

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the first quarter ended March 31st, 2019 Management Discussion and Analysis of Business Operation for Q1/2019 Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 20 22 24 26 Executive Statement Summary of Income Business Performance 08 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products 19 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Envi...

negative. Moreover, in Q1/2018, Marketing Business incurred in a higher selling, general and administrative expenses when compared to the same period of the previous year, from accrued expense related to

in the Non-oil business by 36% YoY, however it still incurs in high selling, general & administrative expenses, thus causing Bangchak Retail Co., Ltd. to still record a negative EBITDA. Q3/2018

basis of the existing guidelines could result in offering no benefit to the Company and the shareholders. Therefore, the management team has conducted studies to find solutions to minimize the effects of

water settling area, and then found that these affect the costs of the project. From the study on the information of increased costs, the possible method which least effects the project costs is the

guidelines could result in offering no benefit to the Company and the shareholders. Therefore, the management team has conducted studies to find solutions to minimize the effects of this project. The Company

the effects of this project. The Company has proposed solutions and discovered important issues. The Meeting of the Board of Directors No. 2/2018 of the Company resolved significant matters regarding