, expected restructuring completed in June 2018. 3. Due to the big project of Onikoube Solar power plant being under Development the project , expected to start commercial operation and generate income in 2022

, expected to start commercial operation and generate income in 2022. However, TSEO may be some losses in the year 2017 from the operating expenses and interest expenses for development project. The Company

the vision of the management in order to assist investors to better understand the company's financial status and operation. It also supports the "Good Corporate Governance Project" of the Securities

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the quarter ended September 30th, 2019 Management Discussion and Analysis of Business Operation for Q3/2019

operation of a branch office; “fund manager” means a mutual fund manager or a private fund manager who performs the duty of making decisions on investment in or disposing of securities or any other asset

place policies, processes, operational procedures and criteria for loan transactions and credit risk management which are in compliance with the government’s single-account scheme, taking into

. For 9M2019, Net Proft of Baht 1,738.0 million, a 5.8% increased from 9M2018 with Normalized Net Profit of Baht 1,470.7 million, a 18.6% increased from 9M2018. 1. RESULTS OF OPERATION (Unit : Million

17.91% in 2018 compared to 15.50% in 2017. Details of the management discussion and analysis follow: Income statements 2018 Operational Performance The Company reported Revenues from hospital operations

price and time. Discussion and Analysis of the Company and its subsidiaries Operational Results in 2018 and 2017 Corporate Revenue In 2018 the Company and its subsidiaries’ total earnings amounted to 880

from last year’s net loss of Baht 27 million. Discussion and Analysis of the Company and its subsidiaries Operational Results in Q3/2019 and Q3/2018 Corporate Revenue In Q3/2019 the Company and its