performance of power business in 1Q2020 continued to be solid with Normalized Share of Profit of Baht 250.7 million, comparing to Baht 184.8 million of 1Q2019. Sale volume of Utilities business in Thailand is
2017 Bangchak Corporation Plc. Table of Contents 7 9 09 8 Refinery Business 13 Marketing Business 14 Green Power Business 16 Bio-Based Products Business 18 Exploration & Production Business 22 26 24
investments in power associates increased by 6.2%. However, if excluding the FX impact and one-time loss items, normalized share of profit from associates and joint ventures in power business increased by 52.5
overall liquidity and it could also save finance cost. ➢ Expenses on investments in 2 new subsidiaries; ETG Energy Company Limited (for participation in solar power plant phase 2) and Glow Trading and
also affected by the weak purchasing power of consumers and the early rainy season. However, the Mega Home business has improved its operational cost management and has benefited from economies of scale
. Private consumption has tended to slow down due to lower income and employment rate, especially in the export sector. In addition, consumers' purchasing power is still affected by high household debt and
deferred revenue amounting to THB 2,100.6 mm to statement of comprehensive income for this period. • Share of profit from power associates and joint ventures decreased by 53.0%, mainly due to the planned
result of increased interest income from Xayabury Power Company Limited. 2 Administrative Expenses In Q1 2019, the Company and its subsidiaries had administrative expenses of Baht 524.40 million, increased
million from the same period of the prior year. Construction revenue decreased because Xayaburi Hydroelectric Power Project is now close to project completion. Also, in Q2 2017, the Company accelerated