was warmer than usual, leading Diesel demand to remain unchanged. Management Discussion and Analysis of Business Operation for FY2018 Bangchak Corporation Plc. I 12  Fuel Oil / Dubai crack spread (FO

expenses of the Company during this period increased by 6.1 percent mainly from higher average market fuel price and additional cost related to employee benefits according to new Labor Protection Act The

February 27, 2019 Subject : Management Discussion and Analysis for year and 4th quarter ended December 31, 2018 Attention : President The Stock Exchange of Thailand 1. Operating Performance 1.1

November 9, 2018 Subject : Management Discussion and Analysis for nine-months and 3rd quarter ended September 30, 2018 Attention : President The Stock Exchange of Thailand 1. Operating Performance

วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 008/2020/EN 14 May 2020 Subject: Management Discussion and Analysis of the Company and its subsidiary for period ended 31 March 2020 To: The President of the

1.6 percentage growth in airline business. However, during the period, the Company has implemented cost reduction plans including flight management strategy. That was a result of improving of passenger

transaction. If this impact is removed lower SG&A costs compared to Q1 2017 is a result of reduced headcount across all levels including management. However, on the COGS side apart from normal inflation fuel

Microsoft Word - ACE MDA Q3 22 - EN 1 No. ACE-ACC-4/2022 11 November 2022 Subject Management Discussion and Analysis for the period ended 30 September 2022 To President The Stock Exchange of Thailand

Microsoft Word - ACE MD&A YE22 - EN 1 No. ACE-ACC-1/2023 28 February 2023 Subject Management Discussion and Analysis for the year ended 31 December 2022 To President The Stock Exchange of Thailand

วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 012/2018/EN 15 August 2018 Subject: Management Discussion and Analysis of the Company and subsidiary for the period ended 30 June 2018 To: The President of the