2017 was due to the low efficiency in asset utilization. At present, PCCA’s production capacity for cosmetic products accounts for approximately 40 percent of the total production capacity. Moreover

packaging more stable and flexible, because the machine can be used in production line replacement. 7. Benefits which the shareholders will receive from the capital increase and share allotment 7.1 Increase

1,206.02 855.82 70.96 - Contract manufacturing business of ready-to-drink milk and pasteurized fruit juices saw its income increase by Baht 859.40 million, or 76.05%, due to more production orders from the

783.05 422.97 54.01 - Contract manufacturing business of ready-to-drink milk and pasteurized fruit juices saw its income increase by Baht 429.05 million, or 61.23%, due to more production orders from the

to more production orders from the old customers and new customers, the Company had more manufacturing and delivery of products in Q1’62, increases were 45.70%. - The Property Business saw an income

4,520 8,678 Group EBITDA (120) 874 Group Net Profit (Loss) (869) (431) HRC Sales (k tons) 251 419 HRC Production Volume (k tons) 242 606 HRC Average Selling Price (Bht/Ton) 18,029 20,713 Unit : million

2017 Bangchak Corporation Plc. Table of Contents 6 8 08 8 Refinery Business 12 Marketing Business 13 Green Power Business 15 Bio-Based Products Business 18 Exploration & Production Business 21 25 23

pressuring net profit margin 2) higher depreciation resulted from additional investments in plant, machinery, and office renovations to improve production efficiency and reduce production cost, in order to

investment in machinery to improve production efficiency and reduce production cost, in order to prepare for an increased level of production in the future.  Q3/2017 net profit rebounded remarkably by 27% QoQ

Baht 262.16 million respectively, which increased by Baht 22.51 Million or equivalent to 8.59% from 2016 The net profit (loss) of the company share holders’ part is Baht 47.88 Million of the first