revenue increased to 28.9% from 15.4%. The change in the composition of revenue between recurring and non-recurring income is due to the consolidation of TigerSoft’s result. Tiger’s business model is heavy

HR Solution increased by 35.35mb or 14.2%. The acquisition of TigerSoft changes the composition of recurring vs non-recurring revenue for HR Solutions as the business model of TigerSoft is heavy

of sales of RG decreased due to the decrease of losses on revaluation of heavy oil and diesel oil prices from the 1 st quarter of 2020 in the total amount of THB 85.62 million since the market price

the reduced Heavy Sour Crude supplies, after Iran was sanctioned by the US. Management Discussion and Analysis of Business Operation for FY2018 Bangchak Corporation Plc. I 11 Crack Spreads Situation

Dubai price decreased by 0.70 USD/BBL. This is due to the pressure from an increase in supply of Light Sweet Crude which adjusted upward from Libya, Nigeria, and the US. Also the supply for Heavy Sour

Plants and IRPC Clean Power (IRPC-CP) together with profit realization of Ichinoseki Solar Power 1 GK (ISP1) due to stable weather condition compared to Q1/18 in which there had been heavy snow in Japan

refineries switching to Light grade crude, especially Chinese refineries, which has also lowered purchase of Heavy grade crude due to OPEC’s production reduction that caused the product’s shortage and price

Heavy grade crude becoming considerably harder, due to various countries having to reduce crude purchase from Iran to avoid any potential conflicts with the US. The spread between Dated Brent and Dubai

traditionally strong, and where sales were unusually strong in the prior period in connection with the World Cup soccer tournament, and due to seasonally heavy rains and floods in the northeast depressing demand

Eastern Part, of which it was still heavy rainfalls from September to October, especially in Central, Eastern, and the South West area. The average water in the reservoirs in Chonburi and Rayong were 97