benefited from the increasing price of Low Management Discussion and Analysis of Business Operation for Q3/2019 Bangchak Corporation Plc. I 4 Sulphur Fuel Oil, as preparations were made for the transition

among Thailand’s trading partners. Tourism sector continued to expand from the increasing number of tourists in the most nationalities, especially tourists from China and ASEAN countries. Private

trading partners. Tourism sector continued to expand from the increasing number of tourists in the most nationalities, especially tourists from China and ASEAN countries. Private consumption and public

of 1,990.8 million baht, together with dividend received from investment. Besides, the increasing of revenue was from a constant growth by 6.6 percent in airport-related businesses. Nevertheless, the

number of keys for the year. In particular, the Company added 19 newly built pool villas to Santiburi Koh Samui in May 2018, thereby increasing the number of keys in Santiburi Koh Samui from 77 keys to 96

0.96 million baht or 2.56% due to increasing in operational efficiency and cost control. • The Company has no financial expenses due to having no any loans from financial institutions. Profit (Loss

, increasing our Equity MW under Operation further to 414.6 MW. PERFORMANCE BY BUSINESS Utilities Business Revenue from Sales and Services from Utilities Business in 2Q2017 of Baht 405.5 million has detailfs as

Baht 12.84 million, increasing from the same period of 2015 by Baht 12.36 million or a 2,613.53 percent increase, varying in accordance with the Company and its subsidiaries’ operating performance which

39 2.4% 42 2.1% Total liabilities 473 29.0% 742 37.6% Shareholders’ equity 1,158 71.0% 1,232 62.4% Total liabilities and equity 1,631 100.0% 1,974 100.0% Total liabilities were THB 742mn, increasing by

shareholding 25.01% and 74.99% respectively, achieved COD on November 1, 2017 with a total contracted capacity of 125.0 MW, increasing our Equity MW under Operation further to 478.4 MW.  The company recently