in a greater proportion than the reduction in sales and administrative expenses, especially the significantly decrease of sales in Q2/2020. Management Discussion & Analysis Q4/2020 1 In Q3/2020, the

income surged significantly, especially the 19% increase in bad debt recovery. However, this year the Company will focus on fee-based income expansion. Revenues Structure Profit and Loss Statement Unit

fluctuations in money market and capital market and has severely affected all sectors in the economy, especially tourism sector which acutely shrunk due to travel restrictions and lockdown measures. Export

branded products by 3rd party manufacture especially the RTD Coffee and the 3rd party products for distribution shall not only diversify the risk of reliance solely on energy drink, of which the market has

Operation for FY2019 Bangchak Corporation Plc. | receding state of the global economy. Furthermore, crude oil price in the global market has been fluctuating throughout the year, especially between the

signs of recovery especially in 4Q17 as evident by the more broad-based recovery from the external sectors to the domestic sectors. With exports registering a growth of 10.0% for the first 11 months of

of recovery especially in 4Q17 as evident by the more broad-based recovery from the external sectors to the domestic sectors. With exports registering a growth of 9.9% for total year 2017 comparing to

project, and in Q4/2017 there was a gain from business acquisition, resulting in the performance in this quarter appeared to be inferior. Bio-based Product Business Group performance significantly improved

customer of the manufacture and assembly of electronic circuit boards business unit. Gross profit margin for the first quarter of 2019 had not changed significantly compared to the same period of the

1st quarter of 2019 increased significantly 7,667.57 percent from the same period of last year, caused by loan drawdown for 2nd production line investment project. As a result, cost of goods sold and