volume increased 5%, compared to the previous quarter. The increment is credited to the retail market, ascribed to the tourism season; led to a higher domestic demand for fuel. Also, the industrial market

, Rayong Province. (b) Power plants under the Tender Offeror’s joint venture: which engage in the businesses of generation and sale of electricity produced from various types of energy, both domestic and

from the previous quarter. However, with domestic demand for oil consumption lowering, the refinery had to adjust its production down to optimal level, average production rate was 89.3 KBD or 74

the direction of the crude palm oil price that remained at a low level, due to the high level of domestic palm oil stock. 3. Gross profit declined 20% YoY, although sales revenue from B100 product

industrial market sales volume spiked Management Discussion and Analysis of Business Operation for the 2nd quarter of 2017 Bangchak Corporation Plc. 13 | from emergency shutdowns of various domestic refineries

memorable. 3.2 Business trends of the Company Thailand’s economic has a clear recovery signal in 2017 and was expected to grow continuously in 2018. Reflecting to Thai’s Gross Domestic Product (GDP) where the

/17 Q1/18 Q2/18 Q3/18 Q4/18 Domestic : Export Domestic Export หน้า 5 ก าไรขัน้ตน้ ไตรมาส 4/2561 บรษัิทฯ และบรษัิทยอ่ยมกี าไรขัน้ตน้ 267 ลา้นบาท ลดลง 34% YoY คิดเป็นอัตราก าไรขัน้ตน้ 18.3% ลดลงจาก 26.3

% 40% 45% 50% 55% 60% Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Brand : CMG Brand CMG 66% 63% 57% 58% 57% 59% 34% 37% 43% 42% 43% 41% 0% 10% 20% 30% 40% 50% 60% 70% Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Domestic

% 57% 58% 57% 59% 69% 34% 37% 43% 42% 43% 41% 31% 0% 10% 20% 30% 40% 50% 60% 70% 80% Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Domestic : Export Domestic Export หน้า 4 คา่ใชจ้า่ยในการขาย ไตรมาส 3/2560 บร

/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17 Domestic : Export Domestic Export หน้า 4 ตน้ทนุขาย ไตรมาส 4/2560 บรษัิทฯ และบรษัิทย่อยมตีน้ทุนขายรวม 1,129 ลา้นบาท โดยมีอัตราส่วนตน้ทุนขายต่อยอดขายเท่ากับ 73.7