original cost together with the Form for Confirmation of Cost to the Tender Offer Agent, the Tender Offer Agent will deduct the withholding tax which will be calculated on the basis of the Offer Price

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 2/2020 09 - Refinery & Trading 14 - Marketing 16 - Power Plant 18 - Bio-based Products 20 - Natural Resources CONTENTS Executive Summary 03 Statement of Income 07 Business Performance 09 Statement of Financial Position 21 Statement of Cash Flows 23 Financial Ratios 24 Environment Management Accounting 26 3 Management Discussion and Analysis of Business Operation for Q2/2020 Bangchak Corporation Plc. | Ex...

supported government agencies and the public through various social activities. It has always been Bangchak’s mission under the “Bangchak Group Stronger Together” circumscribing all stakeholders, as well as

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underway which are not yet completed and have not yet started contributing to the earnings. Notes We recommend that investors always read the MD&A together with the published financial statements to get

constrained by high household debt. Fierce competition continued and each bank attempted to develop products and services to serve customers through digital channels. New business models, together with insights

purchase volume of Crude Palm Oil in order to help alleviate farmers encountering the low Crude Palm Oil crisis. Together with Trade Account Payable of Nido Petroleum Limited increased by THB 222 million

price, according to the market condition during the offering period. In this regard, the Board of Directors together with the company’s financial advisor which accommodates the capital increase process

/2017. However, the gross profit in Q3/2017 increased by Baht 153 million or 15% from Q3/2016 because the customers at Rayong Power Utilities Plant purchased more electricity and steam together with the

make the business growth stronger. One of the key successes is competence and expertise of EGCO personnel and experiences of its Board members together with well relationship with business alliances